First Watch Restaurant Group, Inc. (FWRG) Stock Forecast
FWRG analyst forecast
as of October 18, 2026- Analyst consensus
- Strong buy 5.00 / 5 from 10 analysts
- Price target
- $18.60 average of analyst targets
- Upside to target
- +53.5% from the latest close
- Next earnings
- November 3, 2026 EPS estimate $0.03
- 52-week range
- $10.11 – $18.66
FWRG analyst ratings
10 analystsNumber of analysts at each rating.
FWRG price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
FWRG earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $0.03 | −$0.00 | $0.05 | $0.06 | −41.7% | 9 |
| Current fiscal year (2026) | $0.13 | $0.09 | $0.21 | $0.41 | −68.7% | 6 |
| Next fiscal year (2027) | $0.25 | $0.17 | $0.33 | $0.13 | +91.6% | 9 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
FWRG revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $349.7M | $344.0M | $351.7M | +10.7% | 10 |
| Current fiscal year (2026) | $1.39B | $1.38B | $1.39B | +13.7% | 10 |
| Next fiscal year (2027) | $1.55B | $1.54B | $1.56B | +11.6% | 10 |
FWRG EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
FWRG revenue: reported and forecast
FWRG EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $0.07 | $0.05 | $0.05 | $0.04 | $0.03 | −50.3% | 1 up · 9 down |
| Current fiscal year (2026) | $0.17 | $0.17 | $0.17 | $0.13 | $0.13 | −25.1% | 1 up · 4 down |
| Next fiscal year (2027) | $0.27 | $0.25 | $0.26 | $0.25 | $0.25 | −7.9% | 1 up · 0 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
FWRG earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; FWRG beat in 8 of 12.
What analysts expect from FWRG
10 analysts cover First Watch Restaurant; their consensus rating is strong buy (5.00 on a 1–5 scale, where 5 is a strong buy). The average price target is $18.60, 53.5% above the latest close of $12.12. Analysts expect earnings of $0.13 per share for 2026, −68.7% from a year earlier. For 2027 the average estimate is $0.25 per share on revenue of $1.6 billion. First Watch Restaurant beat the EPS estimate in 8 of the last 12 quarters.
Related: FWRG income statement, FWRG key metrics, FWRG chart. See the FWRG stock overview for the latest quote and news.
FWRG forecast FAQ
What is First Watch Restaurant's price target?
The average analyst price target for First Watch Restaurant is $18.60, 53.5% above the latest close of $12.12.
Is First Watch Restaurant a buy, hold or sell?
Of 10 analysts covering First Watch Restaurant, 10 rate it a strong buy, 0 a buy, 0 a hold, 0 a sell and 0 a strong sell, a consensus of strong buy. Ratings are opinions, not a recommendation from Quotelinks.
What is First Watch Restaurant's EPS forecast?
Analysts forecast $0.13 per share for 2026 (range $0.09 to $0.21); for 2027 the estimate is $0.25.
What is First Watch Restaurant's revenue forecast?
The average revenue estimate for 2026 is $1.4 billion, growth of 13.7%; for 2027 it is $1.6 billion.
When does First Watch Restaurant report earnings?
First Watch Restaurant is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens; the EPS estimate is $0.03.
Does First Watch Restaurant usually beat earnings estimates?
First Watch Restaurant reported EPS at or above the analyst estimate in 8 of the last 12 quarters.