Yahoo Finance Kura Sushi USA (KRUS) Stock Jumps 9.1%: Will It Continue to Soar?
Kura Sushi (KRUS) shares ended the last trading session 9.1% higher at $110.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.1% loss over the past four weeks.
Shares of KRUS are quite likely to have increased on the back of its gains from rising guest traffic and operational excellence. Furthermore, the company’s focus on improving restaurant-level operating profit margins, new restaurant unit expansion and leveraging its general and administrative expenses has most likely induced bullish sentiments among investors.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +70%. Revenues are expected to be $56.25 million, up 28% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Kura Sushi USA, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KRUS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Kura Sushi USA belongs to the Zacks Retail - Restaurants industry. Another stock from the same industry, Dine Brands (DIN), closed the last trading session 1.2% lower at $46.38. Over the past month, DIN has returned 4.7%.
Dine Brands Global's consensus EPS estimate for the upcoming report has changed +3.4% over the past month to $1.59. Compared to the company's year-ago EPS, this represents a change of -19.3%. Dine Brands Global currently boasts a Zacks Rank of #3 (Hold).
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Kura Sushi USA, Inc. (KRUS) : Free Stock Analysis Report
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