Texas Roadhouse Inc Up 9.95% To $147.22 After Earnings Beat

Texas Roadhouse Inc (TXRH) beat out earnings estimates for Q4 2023 this afternoon.

The consensus among analysts for Texas Roadhouse Inc was for an earnings per share (EPS) of $1.06. The firm was able to surpass those projections, reporting an EPS of $1.08, a positive surprise of $0.02 (2%). Profits rose 21% year-over-year after reporting an EPS of $0.89 in its year-ago quarter. The positive growth rate signals that the Consumer Cyclical company is performing well amid recent economic conditions.

Analyst projections for Texas Roadhouse Inc revenue came in at a consensus of $1.2 billion. Fourth-Quarter revenues surpassed estimates for $1.2 billion by $4 million (0%). The company achieved 15% growth year-over-year compared to the firm's revenue of $1 billion from the year-ago quarter. The higher earnings growth relative to revenue signals Texas Roadhouse Inc has improved its profit margin.

The stock is up 9.95% to $147.22 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Texas Roadhouse Inc a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 77. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment. The company's operating segment includes Texas Roadhouse; Bubba's 33 and others. It generates maximum revenue from the Texas Roadhouse segment.