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Over the past 2 years Sonic Corp. (NASDAQ:SONC) stock has nearly tripled from $6.91 to $19.77. The drive-in fast food chain's stock price has been growing at an extremely steady rate since the beginning of 2012. Sonic is expected to release its first earnings report of the new year on Monday, January 6th after the market closes.

The information below is derived from data submitted to the Estimize platform by a set of Buy Side and Independent analyst contributors.image

The current Wall Street consensus expectation is for SONC to report 13c EPS and $127.93M revenue while the current Estimize consensus from Buy Side and Independent contributing analysts is 14c EPS and $127.95M revenue. The magnitude of the difference between the Wall Street and Estimize consensus numbers often identifies opportunities to take advantage of expectations that may not have been priced into the market. In this case, we're seeing a very small difference between the Estimize and Wall Street numbers.

By tapping into a wider range of contributors including hedge-fund analysts, asset managers, students, and non professional investors, we have built a data set that is up to 69.5% more accurate than Wall Street, but more importantly it does a better job of representing the market's true expectationsimage

Over the past 4 months we have seen Estimize consensus remain flat at 14c.

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Wall Street's revenue expectations have decreased from $128.66M to $127.93M while the Estimize expectation has remained flat at $127.95M.image

The distribution of estimates published by analysts on Estimize range from 13c to 14c EPS and $127.00M to $128.65M in revenues. We are seeing a narrow distribution of estimates compared to previous quarters. The size of the distribution of estimates relative to previous quarters often signals whether or not the market is confident that it has priced in the expected earnings already. A narrow distribution signaling the potential for less volatility post earnings, a greater vice versa.image

The analyst with the highest estimate confidence rating this quarter is RR277439 who projects 13c EPS and $127.00M in revenue. This quarter the analyst with the top confidence rating is expecting Sonic to miss Wall Street consensus on both EPS and revenue. Confidence ratings for each user are calculated through algorithms developed by our deep quantitative research which look at correlations between analyst track records and tendencies as they relate to future accuracy.

While our top analyst is projecting Sonic to miss on profit, Wall Street and Estimize both agree in forecasting 13c and 14c EPS, respectively. However, the Estimize community is expecting Sonic to come up slightly short on revenue compared to the Street's expectations.

Disclosure: No positions