Domino's (DPZ) Reports Earnings: What To Expect
Fast-food pizza chain Domino’s (NYSE:DPZ) will be announcing earnings results. Here’s what to expect.
Domino's met analysts’ revenue expectations last quarter, reporting revenues of $1.10 billion, up 7.1% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ earnings estimates. In addition, the company suspended its long-term guidance of 1,100 annual net store openings, which is a bad sign.
Is Domino's a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Domino’s revenue to grow 6.9% year on year to $1.10 billion, a reversal from the 3.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.65 per share.
Looking at Domino’s peers in the restaurants segment, only Darden has reported results so far. It missed analysts’ revenue estimates by 1.5% and delivered flat year-on-year revenue. The stock traded up 7% on the results.
Read our full analysis of Darden’s earnings results here.There has been positive sentiment among investors in the restaurants segment, with share prices up 8.6% on average over the last month. Domino's is down 1.4% during the same time and is heading into earnings with an average analyst price target of $484.87 (compared to the current share price of $415.7).
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