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Bowlero (BOWL) Gears Up for Q4 Earnings: What's in Store?

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Bowlero Corp. (BOWL - Free Report) is scheduled to report fourth-quarter fiscal 2023 results on Sep 11, 2023, before the opening bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 3.7%.

Q4 Estimates

The Zacks Consensus Estimate for earnings is pegged at 1 cent per share, indicating a decline of 88.9% year over year. In the past seven days, estimate revisions have remained stable. The consensus mark for revenues is pegged at $240.04 million, implying 10.3% year-over-year decline.

Factors to Note

The company’s results are likely to benefit from strong event performance as well as increases in league and walk-in-retail revenues. Moreover, it is experiencing strong demand for its products. BOWL is also benefiting from acquisitions, newbuilds and conversions. During the nine months ended Apr 2, 2023, it acquired ten businesses, which include twelve bowling entertainment centers.

However, the company’s results in the quarter under review are likely to be hurt by dismal same store sales. The decrease in same-store sales can be attributed to the typical seasonal pattern, challenging year-over-year comparisons due to Omicron variant impact and an additional operating week, along with an overall uncertain economic environment.

 

Bowlero Corp. Price and EPS Surprise Bowlero Corp. Price and EPS Surprise

Bowlero Corp. price-eps-surprise | Bowlero Corp. Quote

What Our Model Says

Our proven model predicts an earnings beat for Bowlero this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.  

Earnings ESP: BOWL has an Earnings ESP of +211.12%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: BOWL carries a Zacks Rank #3.

Other Stocks Worth a Look

American Eagle Outfitters (AEO - Free Report) currently has an Earnings ESP of +5.62% and a Zacks Rank #2. It is likely to register a bottom-line improvement when it reports second-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for quarterly earnings per share of 15 cents suggests a sharp increase from 4 cents reported in the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.

American Eagle Outfitters’ top line is expected to decrease year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.19 billion, which indicates a marginal dip of 0.9% from the prior-year quarter’s reported figure. AEO has a trailing four-quarter earnings surprise of 9.2%, on average.

Casey's General Stores (CASY - Free Report) currently has an Earnings ESP of +1.29% and carries a Zacks Rank #3. It is likely to witness a bottom-line decline when it posts first-quarter fiscal 2024 results. The Zacks Consensus Estimate for quarterly earnings per share of $3.36 suggests a fall of 17.9% from the year-ago quarter.

Casey's General Stores’ top line is expected to tumble year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $3.85 billion, implying a plunge of 13.5% from a year ago. CASY has a trailing four-quarter earnings surprise of 7.5%, on average.

Costco (COST - Free Report) currently has an Earnings ESP of +0.33% and a Zacks Rank of 3. It is likely to register a gain in the bottom line while releasing fourth-quarter fiscal 2023 figures. The Zacks Consensus Estimate for quarterly earnings per share of $4.71 suggests a rise of 12.1% from the year-ago reported number.

Costco’s top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $78.67 billion, which calls for an increase of 9.1% from the prior-year quarter. COST has a trailing four-quarter earnings surprise of 1.8%, on average.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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