Can Earnings Grow for Fiesta Restaurant Group, Inc. (NASDAQ:FRGI)?

Analysts and investors will be looking forward to the next earnings release from Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) which is scheduled to be on or around 2016-11-03 for the period ending 2016-09-30. Covering sell-side analysts have a current quarter earnings per share estimate of $0.32. In the same quarter last year, the company posted EPS of $0.33. 

Whether a company misses or beats analyst estimates, the earnings report may guide short-term stock price movemments. Investors may also take note of the directional trend of estimates before a company’s earnings report. The company most recently posted actual quarterly EPS of $0.34 compared to the Zacks Research consensus estimate of $0.4. The resulting difference was $-0.06 creating a surprise factor of -15%. 4 brokerage firms are currently covering Fiesta Restaurant Group, Inc.. These analysts polled by Zacks Research currently have a mean target price of $26.875 on the stock. The highest target is currently $32 and the most conservative target sees the stock hitting $23 within the year.

Zacks Research uses an analyst ratings scale from 1 to 5. On this scale, a 1 would represent a Strong Buy, and a 5 rating would signal a Strong Sell recommendation. Combining all the recommendations on Fiesta Restaurant Group, Inc. (NASDAQ:FRGI), the mean currently stands at 2.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. 

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