Arcos Dorados Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

• Arcos Dorados Holdings Inc ARCO.N reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of three analysts for the quarter was for earnings of 16 cents per share.

• Revenue rose 0.8% to $1.13 billion from a year ago; analysts expected $1.12 billion.

• Arcos Dorados Holdings Inc's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $35.21 million.

• Arcos Dorados Holdings Inc shares had fallen by 3.7% this quarter and lost 33.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for Arcos Dorados Holdings Inc is $13.50

This summary was machine generated from LSEG data November 13 at 03:24 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)