Dine Brands Global, Inc. (NYSE:DIN) , formerly known as DineEquity, Inc., operates full-service restaurants in the United States and in other countries around the globe. The company owns and operates two restaurant concepts, which includes Applebee’s Neighborhood Grill & Bar (Applebee's) – a bar and grill concept of the casual dining restaurant industry; and International House of Pancakes (IHOP), which primarily caters to the family dining segment.
Investors should note that the Zacks Consensus Estimate for DIN has hardly witnessed any significant movement over the last 60 days. Meanwhile, DIN’s earnings performance has been mostly encouraging over the past few quarters with the trailing four-quarter average earnings surprise coming in at a positive 7.3%.
DIN currently has a Zacks Rank #3 (Hold) but that could change following DineEquity’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DIN beats on earnings. The consensus earnings estimate called for earnings per share of $1.07, and the company reported adjusted earnings of $1.11 per share.
Revenues: DIN reported revenues of $188.2 million. This too surpassed the consensus estimate of $173.6 million.
Key Stats to Note:Domestic system-wide comps at IHOP and Applebee's increased 1% and 3.3%, respectively, in the first quarter of 2018.
Stock Price Impact:At the time of writing, the stock price of Dine Brands was up nearly 3% during pre-market trading hours following the earnings release.
DineEquity, Inc Price, Consensus and EPS Surprise
Check back for our full write up on this DIN earnings report later!
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DineEquity, Inc (DIN): Free Stock Analysis Report
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