Jack in the Box reports earnings November 29

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Restaurant chain Jack in the Box (JACK) will report its fiscal fourth-quarter numbers after the market close on November 29. Analysts expect earnings of $0.90 per share, down from $1.03 from the same period last year. The stock has fallen 6.1% on the year.

Technical Analysis

JACK was recently trading at $101.78, down $11.52 from its 12-month high and $10.89 above its 12-month low. Overall technical indicators for JACK are bullish and the stock is in a weak upward trend. The stock has recent support above $99.20 and recent resistance below $105.70. Of the 11 analysts who cover the stock, six rate it a “strong buy”, one rates it a “buy”, and four rate it a “hold”. JACK gets a score of 47 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

JACK reported disappointing earnings in August, but shares have been trending higher over the last two months. In mid-November, the company announced it had hired Morgan Stanley to help it explore its options to sell Qdoba Mexican Eats. The company said that operating different brands is hurting the company. Earnings were down last quarter, and are forecast to fall again this quarter, but looking ahead the company is expected to grow profits by 18.1%, which should help shares build on recent gains. The consensus calls for earnings of $0.90 per share for the quarter, but the street has a higher whisper number of $0.94, which is the number traders will really want to see in order for the stock to make a material move higher.

About Jack In The Box Inc.

Jack In The Box Inc operates quick-service restaurants and fast-casual restaurants in California, the USA under the brands Jack in the Box. The company menu offers burgers, tacos, regular and curly fries, specialty sandwiches, salads and ice cream shakes. These foods are available with the option of customization as per customer requirements. The company also offer catering services to its customers. Revenues are generated from sales that take place at their restaurants.

  • Last Price:
  • Previous Close:
  • Change:
    $1.16 (1.34%)
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  • Market Capitalization:
    $2.3 B
  • Day's Range:
    $86.94 - $89.17
  • Dividend Yield:
  • 52-week Range:
    $90 - $70.77
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  • Sector:
    Consumer Cyclical
  • Industry:
  • Analyst Average Recommendation:
    Moderate Buy

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