Earnings To Watch: Dine Brands (DIN) Reports Q1 Results Tomorrow

Casual restaurant chain Dine Brands (NYSE:DIN) will be reporting earnings tomorrow before the bell. Here's what investors should know.

Dine Brands met analysts' revenue expectations last quarter, reporting revenues of $206.3 million, flat year on year. It was a good quarter for the company, with a decent beat of analysts' earnings estimates.

Is Dine Brands a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Dine Brands's revenue to decline 1.5% year on year to $210.5 million, improving from the 7.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.58 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dine Brands has missed Wall Street's revenue estimates three times over the last two years.

Looking at Dine Brands's peers in the sit-down dining segment, some have already reported their Q1 results, giving us a hint as to what we can expect. BJ's revenues decreased 1.2% year on year, meeting analysts' expectations, and Brinker International reported revenues up 3.4%, in line with consensus estimates. BJ's traded up 5.9% following the results while Brinker International was also up 10.7%.

Read our full analysis of BJ's results here and Brinker International's results here.

Investors in the sit-down dining segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Dine Brands's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $58.6 (compared to the current share price of $44.49).

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