BJ's (BJRI) Reports Q2: Everything You Need To Know Ahead Of Earnings

American restaurant chain BJ’s Restaurants (NASDAQ:BJRI) will be reporting earnings this Thursday after the bell. Here’s what to look for.

BJ's met analysts’ revenue expectations last quarter, reporting revenues of $348 million, up 3.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is BJ's a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting BJ’s revenue to grow 4% year on year to $364 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BJ's has missed Wall Street’s revenue estimates four times over the last two years.

Looking at BJ’s peers in the sit-down dining segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Kura Sushi delivered year-on-year revenue growth of 17.3%, beating analysts’ expectations by 2.5%, and The Cheesecake Factory reported revenues up 5.7%, topping estimates by 0.8%. Kura Sushi traded down 11.8% following the results.

Read our full analysis of Kura Sushi’s results here and The Cheesecake Factory’s results here.

Investors in the sit-down dining segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. BJ's is down 18.6% during the same time and is heading into earnings with an average analyst price target of $41.20 (compared to the current share price of $36.32).

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