Why Habit Restaurants Is One of Thursday’s Big Earnings Winners

When Habit Restaurants Inc. (NASDAQ: HABT) released its second-quarter financial results after the markets closed on Wednesday, the restaurant chain said it had $0.08 in earnings per share (EPS) and $102.9 million in revenue. Consensus estimates had called for EPS of $0.03 on $99.7 million in revenue. The same period of last year reportedly had $0.06 in EPS and revenue of $83.3 million.

During the quarter, company-operated comparable restaurant sales increased 1.2% from last year. The gain in company-operated comparable restaurant sales was driven primarily by a 4.5% increase in average transaction amount, partially offset by a 3.3% decrease in the number of transactions.

Looking ahead to the 2018 full year, the company expects to see total revenues in the range of $393 million to $396 million, with comparable restaurant sales growth of 0.5% to 1.0%. The consensus estimates are $0.02 in EPS and $392.61 million in revenue for the year.

Russ Bendel, president and CEO, commented:

We are pleased with our second quarter results, which included a return to positive same store sales growth. We believe our results reflect progress on our key initiatives laid out earlier this year around convenience, quality and innovation. During the quarter, we opened seven new company-operated Habit Burger Grills of which three were drive-thrus. Our franchisee partners also opened two new restaurants, one in Seattle and a second location in China. This keeps us on track to open approximately 30 new company-operated locations in 2018, including approximately 15 drive-thrus, and seven to nine franchise locations.

Shares of Habit Restaurants were last seen up about 21% at $15.03, with a consensus analyst price target of $12.00 and a 52-week trading range of $8.10 to $15.70.

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Docademic Price Down 2% Over Last Week (MTC)

Docademic (CURRENCY:MTC) traded 3.8% lower against the U.S. dollar during the 24-hour period ending at 12:00 PM ET on July 22nd. One Docademic token can now be bought for $0.18 or 0.00002357 BTC on popular cryptocurrency exchanges including Stocks.Exchange, HitBTC, Sistemkoin and IDEX. Docademic has a market capitalization of $37.90 million and approximately $248,507.00 worth of Docademic was traded on exchanges in the last 24 hours. During the last seven days, Docademic has traded down 2% against the U.S. dollar.

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Get Docademic alerts: XRP (XRP) traded up 0.7% against the dollar and now trades at $0.46 or 0.00006112 BTC. Stellar (XLM) traded up 1.8% against the dollar and now trades at $0.30 or 0.00003936 BTC. IOTA (MIOTA) traded down 0.6% against the dollar and now trades at $1.00 or 0.00013400 BTC. Tether (USDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00013318 BTC. TRON (TRX) traded up 0.7% against the dollar and now trades at $0.0361 or 0.00000481 BTC. NEO (NEO) traded down 0% against the dollar and now trades at $34.44 or 0.00459334 BTC. Binance Coin (BNB) traded up 0.7% against the dollar and now trades at $12.21 or 0.00162851 BTC. VeChain (VET) traded up 0.3% against the dollar and now trades at $1.80 or 0.00023982 BTC. 0x (ZRX) traded down 0% against the dollar and now trades at $1.18 or 0.00015710 BTC. Zilliqa (ZIL) traded up 1.1% against the dollar and now trades at $0.0743 or 0.00000992 BTC.

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Docademic launched on January 15th, 2018. Docademic’s total supply is 850,000,000 tokens and its circulating supply is 214,300,790 tokens. The official website for Docademic is docademic.com. The Reddit community for Docademic is /r/Docademic and the currency’s Github account can be viewed here. Docademic’s official Twitter account is @docademic.

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