Analysts forecast that Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) will announce $36.90 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Kura Sushi USA’s earnings, with the lowest sales estimate coming in at $36.60 million and the highest estimate coming in at $37.20 million. Kura Sushi USA reported sales of $18.47 million during the same quarter last year, which would suggest a positive year over year growth rate of 99.8%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Kura Sushi USA will report full year sales of $137.50 million for the current fiscal year, with estimates ranging from $135.50 million to $139.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $185.25 million, with estimates ranging from $184.30 million to $186.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Kura Sushi USA.
Kura Sushi USA (NASDAQ:KRUS – Get Rating) last announced its earnings results on Thursday, April 7th. The company reported ($0.19) earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $30.10 million. During the same period last year, the business posted ($0.78) EPS.
KRUS opened at $37.92 on Friday. The business has a 50 day simple moving average of $47.32 and a 200-day simple moving average of $54.59. The stock has a market capitalization of $368.54 million, a P/E ratio of -118.50 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.
A number of hedge funds have recently modified their holdings of KRUS. Millennium Management LLC acquired a new position in Kura Sushi USA during the second quarter worth $209,000. Morgan Stanley increased its position in Kura Sushi USA by 72.4% during the second quarter. Morgan Stanley now owns 98,308 shares of the company’s stock worth $3,736,000 after buying an additional 41,280 shares in the last quarter. BlackRock Inc. increased its position in Kura Sushi USA by 6.1% during the third quarter. BlackRock Inc. now owns 177,230 shares of the company’s stock worth $7,741,000 after buying an additional 10,190 shares in the last quarter. Geode Capital Management LLC increased its position in Kura Sushi USA by 10.4% during the third quarter. Geode Capital Management LLC now owns 65,661 shares of the company’s stock worth $2,868,000 after buying an additional 6,177 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Kura Sushi USA during the third quarter worth $518,000. 35.55% of the stock is owned by hedge funds and other 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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