Kura Sushi USA, Inc. (NASDAQ:KRUS) Expected to Post Earnings of -$0.08 Per Share

Brokerages predict that Kura Sushi USA, Inc. (NASDAQ:KRUSGet Rating) will announce earnings of ($0.08) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kura Sushi USA’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.10). Kura Sushi USA posted earnings per share of ($0.54) in the same quarter last year, which suggests a positive year over year growth rate of 85.2%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Kura Sushi USA will report full-year earnings of ($0.41) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.38). For the next fiscal year, analysts anticipate that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.13 to $0.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Kura Sushi USA.

Kura Sushi USA (NASDAQ:KRUSGet Rating) last issued its earnings results on Thursday, April 7th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.04. The business had revenue of $31.29 million for the quarter, compared to the consensus estimate of $30.10 million. Kura Sushi USA had a negative net margin of 2.99% and a negative return on equity of 11.80%. During the same quarter last year, the firm posted ($0.78) EPS.

Separately, Zacks Investment Research lowered Kura Sushi USA from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $66.67.

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Kura Sushi USA by 50.0% in the 3rd quarter. Royal Bank of Canada now owns 645 shares of the company’s stock valued at $28,000 after buying an additional 215 shares during the period. Citigroup Inc. lifted its holdings in Kura Sushi USA by 95.5% during the fourth quarter. Citigroup Inc. now owns 1,034 shares of the company’s stock worth $84,000 after acquiring an additional 505 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Kura Sushi USA during the 4th quarter valued at about $89,000. American International Group Inc. increased its position in shares of Kura Sushi USA by 14.4% during the third quarter. American International Group Inc. now owns 2,194 shares of the company’s stock worth $96,000 after acquiring an additional 277 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $120,000. 35.55% of the stock is currently owned by hedge funds and other institutional investors.

KRUS opened at $33.84 on Thursday. The stock has a market capitalization of $328.89 million, a PE ratio of -105.75 and a beta of 2.07. Kura Sushi USA has a 12-month low of $30.95 and a 12-month high of $85.62. The firm’s fifty day moving average price is $48.03 and its 200 day moving average price is $54.77.

Kura Sushi USA Company Profile (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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