Sonic Higher Ahead of Earnings

Published on Tuesday, 03 January 2012 10:36 Written by Gerard Lerod

New York, January 3rd (TradersHuddle.com) - Shares of Sonic Corp. (NASDAQ:SONC) are trading higher by +1.78% ahead of its quarterly earnings release. Sonic, the franchisor and operator of chain of drive-in restaurants is expected to release its quarterly results on January 4^th.

Wall Street Analysts consensus calls for a profit of $0.09 a share on $129.93 million revenue.

Sonic estimates have a range of $0.04 a share. The high estimate calls for profit of $0.12 a share and the low estimate is calling for a profit of $0.08 a share, a year ago for the quarter the company reported $0.1 a share.

Sonic Corp. (NASDAQ:SONC) franchises and operates a chain of drive-in restaurants. The Company currently has Company-owned and franchised restaurants, principally in the south central and southeastern United States. Its restaurants offer made-to-order hamburgers and other sandwiches, as well as signature items.

Other companies on the watch on this earnings event are Jack in the Box Inc. NASDAQ:JACK and .