Carrols Restaurant Group Future Growth

Future criteria checks 3/6

Carrols Restaurant Group is forecast to grow earnings and revenue by 22% and 2.9% per annum respectively while EPS is expected to grow by 7.2% per annum.

Key information

22.0%

Earnings growth rate

7.2%

EPS growth rate

Hospitality earnings growth	26.5%
Revenue growth rate	2.9%
Future return on equity	n/a
Analyst coverage	Low
Last updated	15 May 2024

Recent future growth updates

Recent updates

Carrols: No Meat Left On This Bone, Sell

Mar 28

Carrols Restaurant Group, Inc.'s (NASDAQ:TAST) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

Jan 17

Solid Earnings Reflect Carrols Restaurant Group's (NASDAQ:TAST) Strength As A Business

Nov 17

Does Carrols Restaurant Group (NASDAQ:TAST) Have A Healthy Balance Sheet?

Nov 10

Is Carrols Restaurant Group (NASDAQ:TAST) A Risky Investment?

May 13

Carrols Restaurant Group (NASDAQ:TAST) Has Debt But No Earnings; Should You Worry?

Jan 09

Earnings and Revenue Growth Forecasts

NasdaqGS:TAST - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	1,981	45	N/A	N/A	1
12/31/2024	1,922	43	45	117	1
3/31/2024	1,884	29	72	143	N/A
12/31/2023	1,877	27	79	139	N/A
10/1/2023	1,851	4	84	127	N/A
7/2/2023	1,819	-15	62	96	N/A
4/2/2023	1,776	-54	18	55	N/A
1/1/2023	1,730	-76	-21	21	N/A
10/2/2022	1,702	-73	-29	19	N/A
7/3/2022	1,679	-74	-29	21	N/A
4/3/2022	1,662	-57	-17	37	N/A
1/2/2022	1,652	-43	19	71	N/A
10/3/2021	1,657	-45	20	73	N/A
7/4/2021	1,642	-32	29	83	N/A
4/4/2021	1,586	-16	69	115	N/A
1/3/2021	1,548	-29	32	104	N/A
9/27/2020	1,528	-21	0	94	N/A
6/28/2020	1,523	-31	-53	86	N/A
3/29/2020	1,523	-41	-118	37	N/A
12/29/2019	1,463	-32	-87	49	N/A
9/29/2019	1,369	-21	-71	48	N/A
6/30/2019	1,264	-11	-34	53	N/A
3/31/2019	1,199	-1	-7	69	N/A
12/30/2018	1,179	8	3	81	N/A
9/30/2018	1,156	9	-1	84	N/A
7/1/2018	1,144	9	0	83	N/A
4/1/2018	1,120	7	0	83	N/A
12/31/2017	1,089	6	N/A	73	N/A
10/1/2017	1,045	25	N/A	68	N/A
7/2/2017	999	27	N/A	63	N/A
4/2/2017	961	29	N/A	61	N/A
1/1/2017	944	35	N/A	62	N/A
10/2/2016	932	19	N/A	66	N/A
7/3/2016	911	22	N/A	69	N/A
4/3/2016	888	11	N/A	67	N/A
1/3/2016	859	0	N/A	71	N/A
9/27/2015	823	-34	N/A	59	N/A
6/28/2015	785	-41	N/A	47	N/A
3/29/2015	734	-40	N/A	29	N/A
12/28/2014	693	-38	N/A	15	N/A
9/28/2014	665	-13	N/A	16	N/A
6/29/2014	654	-14	N/A	17	N/A
3/30/2014	659	-16	N/A	20	N/A
12/29/2013	663	-14	N/A	22	N/A
9/29/2013	661	-20	N/A	11	N/A
6/30/2013	662	-24	N/A	2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TAST's forecast earnings growth (22% per year) is above the savings rate (2.4%).

Earnings vs Market: TAST's earnings (22% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: TAST's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TAST's revenue (2.9% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: TAST's revenue (2.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if TAST's Return on Equity is forecast to be high in 3 years time

Carrols Restaurant Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 12% to US$9.55

Price target increased by 46% to US$9.67

Forecast to breakeven in 2023

Price target increased by 13% to US$3.38

Consensus EPS estimates upgraded to US$0.43 loss

Price target increased by 15% to US$3.30

Recent updates

Carrols Restaurant Group Files Form 15

Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from NASDAQ Composite Index

Restaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others.

First quarter 2024 earnings: EPS exceeds analyst expectations

Carrols: No Meat Left On This Bone, Sell

Full year 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.02 per share

Price target decreased by 12% to US$9.55

VP, CFO & Treasurer notifies of intention to sell stock

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others for approximately $470 million.

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others.

Carrols Restaurant Group, Inc.'s (NASDAQ:TAST) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others.

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire unknown remaining majority stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others

VP, CFO & Treasurer notifies of intention to sell stock

Solid Earnings Reflect Carrols Restaurant Group's (NASDAQ:TAST) Strength As A Business

New minor risk - Insider selling

Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering.

Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering.

Inaugural dividend of US$0.02 per share

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Carrols Restaurant Group, Inc. Declares Initial Regular Quarterly Dividend, Payable on December 15, 2023

Does Carrols Restaurant Group (NASDAQ:TAST) Have A Healthy Balance Sheet?

Carrols Restaurant Group, Inc. to Report Q3, 2023 Results on Nov 09, 2023

New major risk - Revenue and earnings growth

Price target increased by 46% to US$9.67

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Carrols Restaurant Group, Inc. to Report Q2, 2023 Results on Aug 10, 2023

Forecast to breakeven in 2023

Is Carrols Restaurant Group (NASDAQ:TAST) A Risky Investment?

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 13% to US$3.38

Consensus EPS estimates upgraded to US$0.43 loss

Price target increased by 15% to US$3.30

Consensus EPS estimates upgraded to US$0.34 loss

Full year 2022 earnings released: US$1.49 loss per share (vs US$0.86 loss in FY 2021)

Carrols Restaurant Group, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Carrols Restaurant Group (NASDAQ:TAST) Has Debt But No Earnings; Should You Worry?

Carrols Restaurant Group, Inc. Announces Demise of Paulo A. Pena, President; Announces Executive Appointments

Price target decreased to US$3.00

Third quarter 2022 earnings: EPS exceeds analyst expectations

Price target decreased to US$3.20

Third quarter 2022 earnings: EPS exceeds analyst expectations

Carrols Restaurant Group, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Carrols Restaurant Group: Valuation Starting To Improve

Is Carrols Restaurant Group (NASDAQ:TAST) Using Debt Sensibly?

Consensus forecasts updated

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Carrols Restaurant Q2 2022 Earnings Preview

Carrols Restaurant Group, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Carrols Restaurant Group: A High-Risk Bet On The Restaurant Space

Consensus forecasts updated

Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from Russell 2000 Value Index

Price target decreased to US$3.50

First quarter 2022 earnings: EPS misses analyst expectations

Is Carrols Restaurant Group (NASDAQ:TAST) Using Debt Sensibly?

Price target decreased to US$4.00

Carrols Restaurant Group, Inc. Announces Executive Changes

Consensus forecasts updated

Price target decreased to US$4.00

Full year 2021 earnings: EPS exceeds analyst expectations

Carrols Restaurant Group, Inc Announces Executive Changes

Carrols Restaurant Group, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Carrols Restaurant Group: High-Risk, High-Reward

Third quarter 2021 earnings released: US$0.20 loss per share (vs US$0.057 profit in 3Q 2020)

Price target decreased to US$5.45

Is Carrols Restaurant Group (NASDAQ:TAST) Using Too Much Debt?

Consensus forecasts updated

Inaugural dividend of US$0.41 per share