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.
Why Wingstop (WING) Dipped More Than Broader Market Today
Read MoreHide Full Article
Wingstop (WING - Free Report) closed at $344.26 in the latest trading session, marking a -1.52% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.54%.
Shares of the restaurant chain have appreciated by 16.53% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 2.94% and the S&P 500's gain of 3.18%.
The upcoming earnings release of Wingstop will be of great interest to investors. On that day, Wingstop is projected to report earnings of $0.72 per share, which would represent year-over-year growth of 22.03%. At the same time, our most recent consensus estimate is projecting a revenue of $133.09 million, reflecting a 22.42% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.97 per share and a revenue of $553.63 million, indicating changes of +19.76% and +20.34%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Wingstop. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.37% higher. Wingstop currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Wingstop is currently being traded at a Forward P/E ratio of 117.74. This represents a premium compared to its industry's average Forward P/E of 19.65.
It's also important to note that WING currently trades at a PEG ratio of 6.26. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. WING's industry had an average PEG ratio of 1.99 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why Wingstop (WING) Dipped More Than Broader Market Today
Wingstop (WING - Free Report) closed at $344.26 in the latest trading session, marking a -1.52% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.54%.
Shares of the restaurant chain have appreciated by 16.53% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 2.94% and the S&P 500's gain of 3.18%.
The upcoming earnings release of Wingstop will be of great interest to investors. On that day, Wingstop is projected to report earnings of $0.72 per share, which would represent year-over-year growth of 22.03%. At the same time, our most recent consensus estimate is projecting a revenue of $133.09 million, reflecting a 22.42% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.97 per share and a revenue of $553.63 million, indicating changes of +19.76% and +20.34%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Wingstop. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.37% higher. Wingstop currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Wingstop is currently being traded at a Forward P/E ratio of 117.74. This represents a premium compared to its industry's average Forward P/E of 19.65.
It's also important to note that WING currently trades at a PEG ratio of 6.26. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. WING's industry had an average PEG ratio of 1.99 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.