Cheesecake Factory Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Cheesecake Factory Incorporated CAKE will release its fourth-quarter financial results after the closing bell on Wednesday, Feb. 19.

Analysts expect the Calabasas, California-based company to report quarterly earnings at 92 cents per share, up from 80 cents per share in the year-ago period. Cheesecake Factory projects quarterly revenue of $912.88 million, compared to $877.01 million a year earlier, according to data from Benzinga Pro.

On Oct. 29, 2024, Cheesecake Factory reported better-than-expected third-quarter adjusted EPS results.

Cheesecake Factory shares gained 4.6% to close at $55.78 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

UBS analyst Dennis Geiger maintained a Sell rating and raised the price target from $36 to $41 on Jan. 7, 2025. This analyst has an accuracy rate of 70%.
Jefferies analyst Andy Barish maintained a Buy rating and raised the price target from $49 to $58 on Dec. 16, 2024. This analyst has an accuracy rate of 60%.
Raymond James analyst Brian Vaccaro maintained an Outperform rating and boosted the price target from $51 to $56 on Dec. 16, 2024. This analyst has an accuracy rate of 81%.
Wedbush analyst Nick Setyan maintained an Outperform rating and raised the price target from $52 to $59 on Nov. 14, 2024. This analyst has an accuracy rate of 73%.
Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and boosted the price target from $38 to $45 on Oct. 30, 2024. This analyst has an accuracy rate of 86%.

Considering buying CAKE stock? Here’s what analysts think: