Brokerages expect that Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) will report ($0.08) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kura Sushi USA’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.06). Kura Sushi USA posted earnings of ($0.54) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 85.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Kura Sushi USA will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.33). For the next fiscal year, analysts forecast that the company will report earnings of $0.27 per share, with EPS estimates ranging from $0.13 to $0.40. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Kura Sushi USA.
Kura Sushi USA (NASDAQ:KRUS – Get Rating) last issued its quarterly earnings data on Thursday, April 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. Kura Sushi USA had a negative return on equity of 11.80% and a negative net margin of 2.99%. The company had revenue of $31.29 million during the quarter, compared to analyst estimates of $30.10 million. During the same quarter in the previous year, the company posted ($0.78) earnings per share.
Shares of NASDAQ KRUS traded down $0.31 during midday trading on Thursday, hitting $35.52. 114,825 shares of the company’s stock traded hands, compared to its average volume of 81,239. Kura Sushi USA has a 1 year low of $33.11 and a 1 year high of $85.62. The stock has a market capitalization of $345.22 million, a price-to-earnings ratio of -111.00 and a beta of 2.07. The firm has a fifty day moving average of $50.96 and a 200 day moving average of $55.48.
A number of institutional investors have recently added to or reduced their stakes in KRUS. Royal Bank of Canada raised its holdings in Kura Sushi USA by 50.0% during the third quarter. Royal Bank of Canada now owns 645 shares of the company’s stock valued at $28,000 after acquiring an additional 215 shares during the period. Citigroup Inc. raised its stake in Kura Sushi USA by 95.5% during the 4th quarter. Citigroup Inc. now owns 1,034 shares of the company’s stock valued at $84,000 after purchasing an additional 505 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in Kura Sushi USA during the 4th quarter valued at approximately $89,000. American International Group Inc. lifted its holdings in Kura Sushi USA by 14.4% in the 3rd quarter. American International Group Inc. now owns 2,194 shares of the company’s stock worth $96,000 after purchasing an additional 277 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new position in Kura Sushi USA in the 4th quarter worth approximately $120,000. 35.55% of the stock is owned by institutional investors.
About Kura Sushi USA (Get Rating)
Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as ‘Kura Experience'. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC.
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