Denny's (DENN) Reports Q4: Everything You Need To Know Ahead Of Earnings
Stock Story
Published Feb 12, 2024 02:01AM ET
Updated Feb 12, 2024 06:35AM ET
Denny's (DENN) Reports Q4: Everything You Need To Know Ahead Of Earnings
Diner restaurant chain Denny’s (NASDAQ:DENN) will be reporting results tomorrow after the bell. Here's what investors should know.
Last quarter Denny's (NASDAQ:DENN) reported revenues of $114.2 million, down 2.8% year on year, missing analyst expectations by 2.3%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.
Is Denny's buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Denny's's revenue to decline 4.3% year on year to $115.7 million, a deceleration on the 12.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing two downward revisions over the last thirty days. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Denny's's peers in the restaurants segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Brinker International (NYSE:EAT) delivered top-line growth of 5.4% year on year, missing analyst estimates by 0.4% and Kura Sushi reported revenues up 30.9% year on year, exceeding estimates by 0.1%. Brinker International traded flat on the results, Kura Sushi was down 4.6%.
Read the full analysis of Brinker International's and Kura Sushi's results on StockStory.
There has been positive sentiment among investors in the restaurants segment, with the stocks up on average 5.7% over the last month. Denny's is up 1.6% during the same time, and is heading into the earnings with analyst price target of $12.1, compared to share price of $10.5.
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Written By: Stock Story
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