Darden Restaurants Prepares for Earnings Report: Analyst Insights

Darden Restaurants Inc.: Anticipating Earnings Release
Darden Restaurants, Inc. (DRI) is preparing to announce its earnings for the first quarter. Investors are eager to see how the company, well-known for its popular brands such as Olive Garden and LongHorn Steakhouse, performs during this period.
Expected Earnings and Revenue
Industry experts predict that Darden will report earnings of $2.01 per share, an increase from the $1.75 per share reported in the same quarter last year. The company also projects a revenue of approximately $3.04 billion, which reflects robust growth compared to $2.76 billion in the previous year.
Recent Financial Performance
On June 20, Darden posted fourth-quarter financial results that exceeded analyst expectations, showcasing the company's resilience in a competitive dining landscape. Nevertheless, despite this positive news, Darden shares saw a slight decline of 0.6%, closing at $210.83, prompting some investors to reassess their positions.
Analyst Ratings Overview
The sentiment surrounding Darden Restaurants is significant, with prominent analysts weighing in on the stock's potential. Here’s a look at the latest ratings:
- Eric Gonzalez from Keybanc has maintained an Overweight rating but adjusted the price target downward from $245 to $240 as of September 10.
- Jake Bartlett from Truist Securities has reiterated a Buy rating, setting a price target at $252 on September 2, reflecting confidence in the stock’s performance.
- Andrew Strelzik from BMO Capital has adjusted the rating to Market Perform while increasing the price target from $190 to $215 as of June 25.
- John Ivankoe at JP Morgan has kept an Overweight rating but upped the price target from $218 to $240, indicating strong optimism.
- Brian Vaccaro of Raymond James maintained an Outperform rating and raised his price target from $230 to $240 on June 23, suggesting continued confidence in the company’s growth.
Investor Considerations
For those contemplating investing in DRI, it’s essential to consider the insights provided by these analysts. Evaluating the company's future trajectory amidst market conditions, growth prospects, and competitor performance can be pivotal in making informed investment decisions.
Frequently Asked Questions
What are the anticipated earnings for Darden Restaurants?
The anticipated earnings for Darden Restaurants, Inc. (DRI) are expected to be around $2.01 per share.
How does this quarter's earnings compare to last year's?
This quarter's expected earnings of $2.01 are an increase from $1.75 per share in the corresponding quarter last year.
What is the recent performance of Darden stock?
Darden shares recently closed at $210.83, experiencing a slight decrease of 0.6% despite reporting better-than-expected fourth-quarter results.
What price targets have analysts set for Darden Restaurants?
Analysts have set various price targets for Darden, with the highest being $252 from Truist Securities, and the lowest being $240 from Keybanc.
How can I learn more about Darden Restaurants' financials?
Darden’s financial performance and upcoming earnings can be explored through financial news outlets, reports from analysts, and the company’s financial disclosures.
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