Restaurant Brands International Inc <QSR.N>: Profits of 80 cents per share anticipated for third quarter

November 01, 2022 09:03 AM EDT | By Reuters
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1 November 2022 01:02 p.m. All figures in US dollars. Restaurant Brands International Inc is expected to show an increase in its third quarter earnings to 80 cents​ per share according to the mean Refinitiv estimate from twenty one analysts. Wall Street expects results to range from 74 cents to ​87 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Hold". This includes five "Buy", eight "Hold", * The average consensus recommendation for the restaurants & bars peer group is also "Hold". FORECAST CHANGES * Twenty one analysts are currently providing Refinitiv with estimates. * In the last week two analysts have revised earnings estimates upward and there have been no negative earnings revisions. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 0.13 percent from 80 cents. Estimates ranged from a high of 87 cents to a low of 72 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the twenty one analysts providing estimates is $64. YEAR OVER YEAR * The company is expected to report a rise in revenue to $1.66 billion from $1.5 billion in the same quarter last year. * The current quarter consensus estimate of 80 cents per share implies a gain of 5.53 percent from the same quarter last year when the company reported 76 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jun. 30 2022 0.73 0.82 Beat Mar. 31 2022 0.63 0.64 Beat Dec. 31 2021 0.70 0.74 Beat Sep. 30 2021 0.74 0.76 Beat This summary was machine generated from Refinitiv data November 1 at 01:02 p.m..


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