Fast-food pizza chain Domino’s (NASDAQ: DPZ) will be reporting results this Monday morning. Here’s what you need to know.
Domino's missed analysts’ revenue expectations last quarter, reporting revenues of $1.15 billion, up 3.5% year on year. It was a slower quarter for the company, with a slight miss of analysts’ same-store sales estimates and a significant miss of analysts’ EPS estimates.
Is Domino's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Domino’s revenue to grow 3.1% year on year, slowing from the 4.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Domino's has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Domino’s peers in the restaurants segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Darden delivered year-on-year revenue growth of 13.7%, meeting analysts’ expectations, and Kura Sushi reported revenues up 16.2%, falling short of estimates by 0.7%. Kura Sushi’s stock price was unchanged following the results.
Read our full analysis of Darden’s results here and Kura Sushi’s results here.
There has been positive sentiment among investors in the restaurants segment, with share prices up 5.7% on average over the last month. Domino's is up 10.1% during the same time and is heading into earnings with an average analyst price target of $390.86 (compared to the current share price of $325.59).
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