Published on 10 Aug 2022 on Zacks via Yahoo Finance
Arcos Dorados (ARCO) Misses Q2 Earnings Estimates
Arcos Dorados (ARCO) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -46.15%. A quarter ago, it was expected that this restaurant owner would post earnings of $0.05 per share when it actually produced earnings of $0.12, delivering a surprise of 140%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.