The Chefs' Warehouse, Inc. reports results for the quarter ended September 30 - Earnings Summary

What happened

The Chefs' Warehouse, Inc. reported quarterly adjusted earnings of 66 cents per share for the quarter ended September 30, above the 56-cent analyst average and last year's 50 cents. Revenue rose 11.2% to $1.14 billion, beating the $1.12 billion analysts expected.

Confirmed

Global impact / market context

Higher earnings and revenue than analysts expected suggest the food distributor is selling more and keeping more profit per sale, which can support the share price. The stock had fallen 2.8% this quarter but gained 74.9% this year.

Analyst inference

Analysts rate the shares 'buy' on average, and the median 12-month price target is $125.00, about 12.8% above the $108.99 last close. Analysts raised earnings estimates about 2.3% over three months, with no negative revisions in 30 days.

Analyst inference

What to watch

1. The mean analyst earnings estimate rose about 2.3% in the last three months, and there were no negative revisions of earnings estimates in the last 30 days. Confirmed
2. Watch whether the company sustains revenue growth and profit per sale, since analysts expect earnings of 56 cents per share on average for the quarter just reported. Proposed
3. Watch whether the shares move toward the $125.00 median price target, which is about 12.8% above the $108.99 last close, as investors weigh the earnings beat. Analyst inference

Evidence

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