Restaurant Stock Q1 Earnings On May 2: PZZA, DIN, DENN, BOJA
Zacks Investment Research | Apr 30, 2017 09:20PM ET
The Q1 earnings season is well underway with 288 of the S&P 500 members having already reported their quarterly numbers (as of Apr 28).
Per the latest Earnings Preview , total earnings for these 288 companies are up a solid 13.7% from the year-ago quarter, courtesy of 8.2% rise in revenues. While 76.4% of the companies that have reported their quarterly numbers surpassed earnings estimates, 68.1% exceeded top-line expectations.
Turning our focus to the widely popular restaurant industry, we note that the performance of the players here has been mixed so far this earnings season.
Among the restaurant stocks that have reported, McDonald’s Corporation (NYSE:MCD) , Chipotle Mexican Grill, Inc. (NYSE:CMG) and Domino’s Pizza Inc. (NYSE:DPZ) posted robust results beating earnings and revenue estimates.
Meanwhile, Starbucks Corporation (NASDAQ:SBUX) posted soft second-quarter fiscal 2017 financial results. While earnings came in line with the Zacks Consensus Estimate, revenues fell short of the same. In fact, Buffalo Wild Wings Inc. (NASDAQ:BWLD) lagged on both fronts.
We thus note that a soft consumer spending environment in the U.S. restaurant space along with rising costs are continuing to haunt restaurant chains. Nonetheless, innovative operators with strong fundamentals are continuing to exhibit strength even in a not-so-favorable environment.
Four restaurant companies are set to report their first-quarter 2017 results on May 2. Will these companies manage to put up a decent performance? Let’s take a look at what might be in store for these companies:
Papa John’s International, Inc. (NASDAQ:PZZA) posted a 4.55% positive earnings surprise in the previous quarter. Moreover, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 10.26%.
Papa John's International, Inc. Price and EPS Surprise
Papa John's Q1 Earnings: Can the Stock Surprise? ).
CA-based restaurant operator DineEquity, Inc. (NYSE:DIN) posted in-line earnings in the last reported quarter. However, the company’s trailing four-quarter average earnings surprise is a negative 0.23%.
DineEquity, Inc Price and EPS Surprise
What to Expect from DineEquity Stock in Q1 Earnings? ).
Denny's Corporation (NASDAQ:DENN) recorded a positive earnings surprise of 30.77% in the last quarter. In fact, the company’s earnings surpassed/met the Zacks Consensus Estimate in the past four quarters, with an average beat of 9.97%.
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Denny's Corporation Price and EPS Surprise
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
The Zacks Consensus Estimate for the quarter’s bottom line is pegged at 13 cents.
Bojangles', Inc. (NASDAQ:BOJA) registered a 33.33% positive earnings surprise in the previous quarter. In fact, the company outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an average beat of 21.61%.
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