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Wingstop (WING) Stock Sinks As Market Gains: What You Should Know
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The latest trading session saw Wingstop (WING - Free Report) ending at $350.43, denoting a -0.13% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.11%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.24%.
The restaurant chain's shares have seen a decrease of 5.36% over the last month, not keeping up with the Retail-Wholesale sector's loss of 0.73% and the S&P 500's gain of 0.48%.
The investment community will be paying close attention to the earnings performance of Wingstop in its upcoming release. The company is slated to reveal its earnings on May 1, 2024. The company is predicted to post an EPS of $0.72, indicating a 22.03% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $133.58 million, up 22.86% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.98 per share and a revenue of $554.67 million, representing changes of +20.16% and +20.57%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.45% higher. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Wingstop is at present trading with a Forward P/E ratio of 117.66. This represents a premium compared to its industry's average Forward P/E of 21.63.
One should further note that WING currently holds a PEG ratio of 6.25. 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. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.77 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Wingstop (WING) Stock Sinks As Market Gains: What You Should Know
The latest trading session saw Wingstop (WING - Free Report) ending at $350.43, denoting a -0.13% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.11%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.24%.
The restaurant chain's shares have seen a decrease of 5.36% over the last month, not keeping up with the Retail-Wholesale sector's loss of 0.73% and the S&P 500's gain of 0.48%.
The investment community will be paying close attention to the earnings performance of Wingstop in its upcoming release. The company is slated to reveal its earnings on May 1, 2024. The company is predicted to post an EPS of $0.72, indicating a 22.03% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $133.58 million, up 22.86% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.98 per share and a revenue of $554.67 million, representing changes of +20.16% and +20.57%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.45% higher. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Wingstop is at present trading with a Forward P/E ratio of 117.66. This represents a premium compared to its industry's average Forward P/E of 21.63.
One should further note that WING currently holds a PEG ratio of 6.25. 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. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.77 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.