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Can Dave & Buster (PLAY) Keep the Earnings Streak Alive This Quarter?
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Looking for a stock that might be in a good position to beat earnings at its next report? ConsiderDave & Buster's Entertainment, Inc. (PLAY - Free Report) , a firm in the Retail - Restaurants industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, PLAY has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PLAY expected to post earnings of 44 cents per share, while it actually produced earnings of 50 cents per share, a beat of 13.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 13 cents per share, when it actually reported earnings of 25 cents per share instead, representing a 92.3% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Dave & Buster. In fact, the Earnings ESP for PLAY is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for PLAY, as the firm currently has a Zacks Earnings ESP of 1.72%, so another beat could be around the corner.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that PLAY could see another beat at its next report, especially if recent trends are any guide.
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Can Dave & Buster (PLAY) Keep the Earnings Streak Alive This Quarter?
Looking for a stock that might be in a good position to beat earnings at its next report? ConsiderDave & Buster's Entertainment, Inc. (PLAY - Free Report) , a firm in the Retail - Restaurants industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, PLAY has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PLAY expected to post earnings of 44 cents per share, while it actually produced earnings of 50 cents per share, a beat of 13.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 13 cents per share, when it actually reported earnings of 25 cents per share instead, representing a 92.3% positive surprise.
DAVE&BUSTRS ENT Price and EPS Surprise
DAVE&BUSTRS ENT Price and EPS Surprise | DAVE&BUSTRS ENT Quote
Thanks in part to this history, recent estimates have been moving higher for Dave & Buster. In fact, the Earnings ESP for PLAY is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for PLAY, as the firm currently has a Zacks Earnings ESP of 1.72%, so another beat could be around the corner.
This is particularly true when you consider that PLAY has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that PLAY could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>