We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Factors Likely to Shape Dave & Buster's (PLAY) Q3 Earnings
Read MoreHide Full Article
Dave & Buster’s Entertainment, Inc. (PLAY - Free Report) is scheduled to report third-quarter fiscal 2020 results on Dec 10.
In fiscal second quarter, the company’s earnings beat the Zacks Consensus Estimate by 17.4%.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter bottom line is pegged at a loss of $1.11, which suggests deterioration from earnings of 10 cents reported in the prior-year quarter. For revenues, the consensus mark is at $113.2 million that suggests a decline of 62.2% from the year-ago quarter’s reported figure.
Dave & Busters Entertainment, Inc. Price and EPS Surprise
Dave & Buster's third-quarter top line is likely to reflect dismal traffic on account of the social distancing protocols. This along with coronavirus-induced store closures is expected to have impacted comps in fiscal third quarter. Sequential improvements are likely to get reflected in the quarterly performance on the back of store reopening initiatives. However, it is highly uncertain if the company will record pre-pandemic levels. Further, the company’s non-franchised model makes it susceptible to steep expenses.
This along with dismal performance of food and beverage as well as amusement and other is likely to have negatively impacted the company’s performance in the quarter under review.
Per the Zacks Consensus Estimate, food and beverage revenues is likely to witness a decline of 63.8% year over year to $45.2 million. Also, Amusement and other revenues are likely to witness a slump of 61.1% year over year to $68 million.
However, increased focus on promotional activities, expansion plans and digital initiatives are likely to have driven operations in the to-be-reported quarter. Also, the company banks heavily on the arrival of the COVID vaccine.
What the Zacks Model Unveils
Our proven model does not predict an earnings beat for Dave & Buster’s 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 beating estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dave & Buster’s has an Earnings ESP of +14.16% and a Zacks Rank #4 (Sell). The combination makes surprise prediction difficult for the stock.
Dunkin' Brands Group, Inc. reported third-quarter fiscal 2020 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Its adjusted earnings of 93 cents per share surpassed the consensus mark of 81 cents by 14.8%. Revenues were up 1.6% year over year to $361.5 million and beat the consensus mark of $340 million by 6.3%.
BJ's Restaurants, Inc. (BJRI - Free Report) reported third-quarter fiscal 2020 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Adjusted net loss of 44 cents per share was narrower than the Zacks Consensus Estimate of a loss of 70 cents. In the year-ago quarter, the company had reported adjusted earnings of 18 cents per share. Quarterly revenues of $198.9 million beat the consensus mark of $179 million by 11.1%. However, the top line declined 28.6% on a year-over-year basis. Lower comparable restaurant sales led to the decline.
Chipotle Mexican Grill, Inc. (CMG - Free Report) reported third-quarter 2020 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The company’s adjusted earnings of $3.76 per share beat the Zacks Consensus Estimate of $3.44. However, the bottom line declined 1.6% from $3.82 reported in the year-ago quarter. Meanwhile, quarterly revenues of $1,601.4 million not only surpassed the consensus mark of $1,586 million but also increased 14.1% year over year. The upside can be primarily attributed to robust digital sales along with new restaurant openings.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Factors Likely to Shape Dave & Buster's (PLAY) Q3 Earnings
Dave & Buster’s Entertainment, Inc. (PLAY - Free Report) is scheduled to report third-quarter fiscal 2020 results on Dec 10.
In fiscal second quarter, the company’s earnings beat the Zacks Consensus Estimate by 17.4%.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter bottom line is pegged at a loss of $1.11, which suggests deterioration from earnings of 10 cents reported in the prior-year quarter. For revenues, the consensus mark is at $113.2 million that suggests a decline of 62.2% from the year-ago quarter’s reported figure.
Dave & Busters Entertainment, Inc. Price and EPS Surprise
Dave & Busters Entertainment, Inc. price-eps-surprise | Dave & Busters Entertainment, Inc. Quote
Factors at Play
Dave & Buster's third-quarter top line is likely to reflect dismal traffic on account of the social distancing protocols. This along with coronavirus-induced store closures is expected to have impacted comps in fiscal third quarter. Sequential improvements are likely to get reflected in the quarterly performance on the back of store reopening initiatives. However, it is highly uncertain if the company will record pre-pandemic levels. Further, the company’s non-franchised model makes it susceptible to steep expenses.
This along with dismal performance of food and beverage as well as amusement and other is likely to have negatively impacted the company’s performance in the quarter under review.
Per the Zacks Consensus Estimate, food and beverage revenues is likely to witness a decline of 63.8% year over year to $45.2 million. Also, Amusement and other revenues are likely to witness a slump of 61.1% year over year to $68 million.
However, increased focus on promotional activities, expansion plans and digital initiatives are likely to have driven operations in the to-be-reported quarter. Also, the company banks heavily on the arrival of the COVID vaccine.
What the Zacks Model Unveils
Our proven model does not predict an earnings beat for Dave & Buster’s 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 beating estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dave & Buster’s has an Earnings ESP of +14.16% and a Zacks Rank #4 (Sell). The combination makes surprise prediction difficult for the stock.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Peer Releases
Dunkin' Brands Group, Inc. reported third-quarter fiscal 2020 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Its adjusted earnings of 93 cents per share surpassed the consensus mark of 81 cents by 14.8%. Revenues were up 1.6% year over year to $361.5 million and beat the consensus mark of $340 million by 6.3%.
BJ's Restaurants, Inc. (BJRI - Free Report) reported third-quarter fiscal 2020 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Adjusted net loss of 44 cents per share was narrower than the Zacks Consensus Estimate of a loss of 70 cents. In the year-ago quarter, the company had reported adjusted earnings of 18 cents per share. Quarterly revenues of $198.9 million beat the consensus mark of $179 million by 11.1%. However, the top line declined 28.6% on a year-over-year basis. Lower comparable restaurant sales led to the decline.
Chipotle Mexican Grill, Inc. (CMG - Free Report) reported third-quarter 2020 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The company’s adjusted earnings of $3.76 per share beat the Zacks Consensus Estimate of $3.44. However, the bottom line declined 1.6% from $3.82 reported in the year-ago quarter. Meanwhile, quarterly revenues of $1,601.4 million not only surpassed the consensus mark of $1,586 million but also increased 14.1% year over year. The upside can be primarily attributed to robust digital sales along with new restaurant openings.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>