William L. Moore
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It May Not Be Long Before Optimistic Scenarios For Shake Shack Begin To Seem Less Likely

Going by expectations for near- and medium-term results, Wedbush said in a note the likelihood of more optimistic scenarios for Shake Shack Inc  decrease, as current valuation implies an opportunity well above its base case scenario and the management guidance.

The firm expects earnings per share of $0.16 per share on revenues of $68.8 million for the third quarter. This compares to the consensus, which calls for earnings of $0.14 per share and revenues of $69.1 million.

The results are expected in the week of October 31.