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Wingstop (WING - Free Report) closed the latest trading day at $179.91, indicating a +1.15% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
The restaurant chain's stock has climbed by 2.51% in the past month, exceeding the Retail-Wholesale sector's loss of 3.41% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of Wingstop in its forthcoming earnings report. The company is scheduled to release its earnings on November 1, 2023. The company is forecasted to report an EPS of $0.52, showcasing a 15.56% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $108.98 million, up 17.6% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.20 per share and revenue of $435.82 million, indicating changes of +18.92% and +21.9%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.28% higher. Wingstop is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Wingstop is currently exchanging hands at a Forward P/E ratio of 80.85. This signifies a premium in comparison to the average Forward P/E of 19.31 for its industry.
It's also important to note that WING currently trades at a PEG ratio of 4.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Wingstop (WING) Laps the Stock Market: Here's Why
Wingstop (WING - Free Report) closed the latest trading day at $179.91, indicating a +1.15% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
The restaurant chain's stock has climbed by 2.51% in the past month, exceeding the Retail-Wholesale sector's loss of 3.41% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of Wingstop in its forthcoming earnings report. The company is scheduled to release its earnings on November 1, 2023. The company is forecasted to report an EPS of $0.52, showcasing a 15.56% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $108.98 million, up 17.6% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.20 per share and revenue of $435.82 million, indicating changes of +18.92% and +21.9%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.28% higher. Wingstop is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Wingstop is currently exchanging hands at a Forward P/E ratio of 80.85. This signifies a premium in comparison to the average Forward P/E of 19.31 for its industry.
It's also important to note that WING currently trades at a PEG ratio of 4.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.