The Cheesecake Factory (NASDAQ: CAKE) will report earnings after market close. Last quarter, the company met revenue expectations at $927.2 million, up 4% YoY, beating EBITDA and EPS estimates. This quarter, revenue is expected to grow 4.9% YoY to $948.3 million, with adjusted earnings at $1.06 per share. Analysts have revised revenue estimates downward, with the company missing Wall Street’s estimates four times in the last two years. Peers like Kura Sushi and Darden have reported positive results. The Cheesecake Factory is up 6% in the last month with an average analyst price target of $62.41.
Read more at StockStory: The Cheesecake Factory (CAKE) Reports Earnings Tomorrow: What To Expect
