Meritage Hospitality Group Inc. (MHGU) Reports Q2 Loss, Lags Revenue Estimates

Meritage Hospitality Group Inc. (MHGU) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of$ 0.54. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -107.41%. A quarter ago, it was expected that this company would post a loss of$ 0.51 per share when it actually produced a loss of $0.73, delivering a surprise of -43.14%.Over the last four quarters, the company ...