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Will Sonic (SONC) Stock Be Helped by Tomorrow’s Earnings Results?

NEW YORK (TheStreet) -- Sonic Corp. (SONC - Get Report) stock closed down by 2.63% to $31.46 on heavy trading volume on Monday, before the company's fiscal 2016 first quarter financial report, due out on Tuesday after the market close.

The quick-service drive-in restaurant chain is expected to report a year-over-year rise in earnings and a 3.2% increase in revenue.

Analysts have estimated for earnings of 23 cents per share on $144.28 million in revenue for the latest quarter.

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Sonic posted earnings of 18 cents per share on $139.86 million in revenue for the first quarter of fiscal 2015.

Same-store sales are expected to grow by 3.6% for the most recent quarter, down from an 8.5% increase for the same period in fiscal 2015, according to Deutsche Bank.

By the end of the trading day, 2.14 million shares of Sonic had exchanged hands, compared with its average daily volume of 1.03 million shares.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total...


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