Domino's Earnings Predictions: Analysts Adjust Expectations

Domino's Anticipation for Q3 Earnings
Domino’s Pizza, Inc. (NASDAQ: DPZ) is gearing up to share its third-quarter earnings results soon. Analysts are closely watching this moment due to the company's performance trends and expectations.
Expected Earnings Results
Financial analysts forecast that Domino's will report earnings of approximately $3.97 per share for the quarter. This reflects a decline compared to the $4.19 per share reported for the same quarter last year. Additionally, Domino's has set expectations for quarterly revenue around $1.14 billion, which shows a slight increase from $1.08 billion recorded a year ago.
Recent Performance Overview
In its last quarter, Domino's reported revenues of $1.15 billion, which exceeded the analyst consensus forecast of $1.14 billion. This shows the company's ability to navigate challenges in the competitive pizza market.
Recent Stock Movements
Following its recent earnings announcement, Domino's stock experienced a modest rise of 0.5%, closing at $413.50. This suggests that investors are optimistic about the upcoming results despite the predicted dip in earnings.
Analyst Insights on Domino's
Analysts have been revising their forecasts ahead of Domino’s earnings call, with differing perspectives on the company’s future performance.
Analyst Ratings and Forecast Changes
Several analysts have issued their ratings on DPZ stock in anticipation of the earnings report:
- Barclays analyst Jeffrey Bernstein maintained an Underweight rating, lowering the price target from $425 to $405.
- Wells Fargo analyst Zachary Fadem kept an Equal-Weight recommendation, adjusting the price target from $490 to $450.
- Citigroup's analyst Jon Tower maintained a Neutral stance but decreased the price target from $500 to $480.
- Guggenheim analyst Gregory Francfort also reaffirmed a Neutral rating, increasing the price target from $485 to $490.
- Argus Research's John Staszak reiterated a Hold rating with a stable price target of $490.
Looking Forward
For investors considering DPZ stock, it’s essential to keep an eye on these analyst opinions and the shifting price targets. With the earnings call approaching, market participants should remain informed about the latest developments and outlooks regarding Domino's financial health.
Frequently Asked Questions
What are Domino's projected earnings for the next quarter?
Analysts expect Domino's to report earnings of around $3.97 per share for the upcoming quarter.
How does this compare to previous earnings?
This forecast reflects a decrease from the $4.19 per share reported for the same quarter last year.
What does the current analyst sentiment indicate about DPZ?
Analyst sentiment is mixed, with some lowering their ratings and price targets while others maintain or increase them.
How has Domino's stock performed recently?
Domino's shares rose 0.5% after the last earnings report, closing at $413.50.
What should investors focus on during the earnings call?
Investors should pay attention to insights on revenue growth, same-store sales trends, and overall financial strategy for the upcoming quarters.
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