Dave & Buster’s (PLAY) got here out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.94 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 28.74%. 1 / 4 in the past, it was anticipated that this proprietor of Dave & Buster’s, a series of eating places and arcades would submit earnings of $1.56 per share when it truly produced earnings of $1.12, delivering a shock of -28.21%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Dave & Buster’s
The sustainability of the inventory’s quick worth motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Dave & Buster’s shares have misplaced about 44.1% for the reason that starting of the 12 months versus the S&P 500’s acquire of 14.7%.
What’s Subsequent for Dave & Buster’s?
Whereas Dave & Buster’s has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Dave & Buster’s: unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.23 on $484.6 million in revenues for the approaching quarter and $2.78 on $2.22 billion in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth affect on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Retail – Eating places is at present within the backside 36% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Domino’s Pizza (DPZ), is but to report outcomes for the quarter ended September 2024.
This pizza chain is predicted to submit quarterly earnings of $3.66 per share in its upcoming report, which represents a year-over-year change of -12.4%. The consensus EPS estimate for the quarter has been revised 0.4% increased over the past 30 days to the present stage.
Domino’s Pizza’s revenues are anticipated to be $1.1 billion, up 7.4% from the year-ago quarter.
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Dave & Buster’s Entertainment, Inc. (PLAY) : Free Stock Analysis Report
Domino’s Pizza Inc (DPZ) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
