Wingstop Inc. (WING - Free Report) is scheduled to report third-quarter 2019 results on Oct 30, after the market opens. In the last reported quarter, the company’s earnings were in line with the Zacks Consensus Estimate.
How are Estimates Faring?
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at 17 cents over the past 30 days. However, this indicates a decrease of 19.1% from 21 cents reported in the year-ago quarter. Revenues are expected to be $49.52 million, suggesting a 29.5% increase from the year-ago reported figure of $38.25 million.
Wingstop Inc. Price and Consensus
Wingstop’s top line in the third quarter is likely to have benefited from various sales boosting strategies including robust delivery program, efficient marketing and promotions, along with increased focus on franchising. Moreover, higher royalty revenues and franchise fees, as well as increase in advertising fees and related income are likely to get reflected in the company’s third-quarter results.
Moreover, its partnership with DoorDash is likely to have driven digital sales in the quarter. However, increase in costs and higher net interest expenses are likely to have weighed on earnings.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Wingstop this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
It has an Earnings ESP of +5.62% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks Poised to Beat Earnings Estimates
Here are some other stocks from the Zacks Retail space that investors may consider, as our model shows that these too have the right combination of elements to deliver an earnings beat in third-quarter 2019.
Boot Barn Holdings, Inc. (BOOT - Free Report) has an Earnings ESP of +4.13% and a Zacks Rank #1.
Dunkin' Brands Group, Inc. has an Earnings ESP of +2.15% and a Zacks Rank #2.
Sonic Automotive, Inc. (SAH - Free Report) has an Earnings ESP of +4.93% and a Zacks Rank #2.
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Wingstop Inc. (WING - Free Report) is scheduled to report third-quarter 2019 results on Oct 30, after the market opens. In the last reported quarter, the company’s earnings were in line with the Zacks Consensus Estimate.
How are Estimates Faring?
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at 17 cents over the past 30 days. However, this indicates a decrease of 19.1% from 21 cents reported in the year-ago quarter. Revenues are expected to be $49.52 million, suggesting a 29.5% increase from the year-ago reported figure of $38.25 million.
Wingstop Inc. Price and Consensus
Wingstop’s top line in the third quarter is likely to have benefited from various sales boosting strategies including robust delivery program, efficient marketing and promotions, along with increased focus on franchising. Moreover, higher royalty revenues and franchise fees, as well as increase in advertising fees and related income are likely to get reflected in the company’s third-quarter results.
Moreover, its partnership with DoorDash is likely to have driven digital sales in the quarter. However, increase in costs and higher net interest expenses are likely to have weighed on earnings.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Wingstop this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
It has an Earnings ESP of +5.62% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks Poised to Beat Earnings Estimates
Here are some other stocks from the Zacks Retail space that investors may consider, as our model shows that these too have the right combination of elements to deliver an earnings beat in third-quarter 2019.
Boot Barn Holdings, Inc. (BOOT - Free Report) has an Earnings ESP of +4.13% and a Zacks Rank #1.
Dunkin' Brands Group, Inc. has an Earnings ESP of +2.15% and a Zacks Rank #2.
Sonic Automotive, Inc. (SAH - Free Report) has an Earnings ESP of +4.93% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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