Kura Sushi USA Inc reports results for the quarter ended August 31 - Earnings Summary

• Kura Sushi USA Inc KRUS.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of ten analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 6 cents to 29 cents per share.

• Revenue rose 20.4% to $79.45 million from a year ago; analysts expected $78.36 million.

• Kura Sushi USA Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $2.27 million.

• Kura Sushi USA Inc shares had fallen by 7.9% this quarter and lost 39.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "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 Kura Sushi USA Inc is $85.00, about 35.6% above its last closing price of $54.73

This summary was machine generated from LSEG data November 7 at 05:41 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)