Restaurant Stock Q3 Earnings On Nov 1: PZZA, DIN, WING, TXRH
Zacks Investment Research | Oct 30, 2016 09:29PM ET
The Q3 earnings season is now in full swing with releases from 291 S&P 500 members (as of Oct 28), per the latest Earnings Preview .
Notably, the widely popular restaurant industry has been grabbing much of the spotlight of late. However, the performance of the restaurant stocks has been far from impressive so far.
Among the restaurant behemoths that have already reported their numbers, McDonald’s Corporation (NYSE:MCD) and Domino’s Pizza Inc. (NYSE:DPZ) posted robust results beating earnings and revenue estimates.
Though Yum! Brands, Inc.’s (NYSE:YUM) earnings were in line with the Zacks Consensus Estimate, revenues failed to surpass the same. Dunkin’ Brands Group (NASDAQ:DNKN) also missed top-line expectations.
Two other key players, BJ’s Restaurants, Inc. (NASDAQ:BJRI) and Chipotle Mexican Grill, Inc. (NYSE:CMG) , posted disappointing results wherein both earnings and sales missed estimates.
We thus note that a soft consumer spending environment in the U.S. restaurant space, which is leading to lower traffic and comps, is turning out to be a major headwind for the top line.
A number of restaurateurs are set to report their quarterly numbers on Nov 1. Let’s take a look at what might be in store for these companies:
World’s third-largest pizza delivery company Papa John’s International, Inc. (NASDAQ:PZZA) recorded a positive earnings surprise of 12.96% last quarter. In fact, the company posted positive earnings surprises in each of the past four quarters, with an average beat of 7.81%.
PAPA JOHNS INTL Price and EPS Surprise
Is a Surprise in Store for Papa John's in Q3 Earnings? ).
DineEquity, Inc.’s (NYSE:DIN) earnings were in line with the Zacks Consensus Estimate last quarter. Meanwhile, the trailing four-quarter average earnings surprise stands at a positive 3.35%.
DINEEQUITY INC Price and EPS Surprise
DineEquity: A Beat in the Cards this Earnings Season? ).
Wingstop, Inc. (NASDAQ:WING) posted a 7.14% positive earnings surprise in the last reported quarter. In fact, the company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average beat of 15.46%.
WINGSTOP INC Price and EPS Surprise
Wingstop to Release Q3 Earnings: A Hit or Miss? ).
Based in Louisville, KY, Texas Roadhouse, Inc. (NASDAQ:TXRH) registered a 6.82% positive earnings surprise in the previous quarter. Moreover, the company surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 2.22%.
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TEXAS ROADHOUSE Price and EPS Surprise
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