Jack in the Box Earnings Preview: Flat EPS, Lower Revenue Expected

Jack in the Box (NYSE: JACK) is scheduled to report fiscal fourth-quarter 2011 results today, November 21, after the markets close. Investors will be looking for signs of a turnaround after the company missed earnings per share estimates in the past two quarters and revenue declined in the past three quarters. Investors also hope the quick-service restaurateur will not follow in the footsteps of competitor Wendy's (NYSE: WEN), which posted a wider net loss and missed revenue expectations last week.The consensus forecast calls for Jack in the Box to report earnings of $0.40 per share, which would be the same as in the fourth quarter of last year. That EPS estimate is a penny lower than just 60 days ago. The forecast for full-year earnings calls for $1.53 per share, down from $1.59 a year ago. Note that Jack in the Box has fallen short of consensus estimates in three of the past five quarters.Analysts also expect the company to report that fourth-quarter revenues decreased 12.7% from a year ago to $491.5 million, while full-year revenues total $2.2 billion, a 5.0% decline. Looking ahead to the current quarter, revenues are anticipated to be just 4.7% lower year over year.The ...

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