Fast-food pizza chain Domino’s (NYSE:DPZ) will be reporting results tomorrow morning. Here's what to expect.
Last quarter Domino's reported revenues of $1.02 billion, down 3.81% year on year, missing analyst expectations by 4.28%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.
Is Domino's buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Domino's's revenue to decline 1.8% year on year to $1.05 billion, a further deceleration on the 7.07% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.29 per share.
The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing four upward and three downward revisions over the last thirty days. The company missed Wall St's revenue estimates six times over the last two years.
Looking at Domino's's peers in the restaurants segment, only Darden (NYSE:DRI) has so far reported results, delivering top-line growth of 11.6% year on year, and beating analyst estimates by 0.83%. The stock was down 4.03% on the results.
Read the full analysis of Darden's results on StockStory. There has been a stampede out of high valuation technology stocks and while some of the restaurants stocks have fared somewhat better, they have not been spared, with share price declining 7.1% over the last month. Domino's is down 9.4% during the same time, and is heading into the earnings with with analyst price target of $412.6, compared to share price of $356.6.
The author has no position in any of the stocks mentioned.
