We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Wingstop (WING) Stock Moves -2.20%: What You Should Know
Read MoreHide Full Article
Wingstop (WING - Free Report) ended the recent trading session at $356.09, demonstrating a -2.2% change from the preceding day's closing price. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.31%.
The stock of restaurant chain has risen by 7.5% in the past month, leading the Retail-Wholesale sector's gain of 2.13% and the S&P 500's gain of 5.05%.
The investment community will be paying close attention to the earnings performance of Wingstop in its upcoming release. In that report, analysts expect Wingstop to post earnings of $0.87 per share. This would mark a year-over-year decline of 6.45%. Our most recent consensus estimate is calling for quarterly revenue of $173.63 million, up 11.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.9 per share and revenue of $730.74 million, which would represent changes of +6.56% and +16.77%, respectively, from the prior 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 0.09% higher. Right now, Wingstop possesses a Zacks Rank of #2 (Buy).
Looking at its valuation, Wingstop is holding a Forward P/E ratio of 93.42. This represents a premium compared to its industry average Forward P/E of 23.01.
It is also worth noting that WING currently has a PEG ratio of 5.09. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Retail - Restaurants industry had an average PEG ratio of 2.62.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WING in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wingstop (WING) Stock Moves -2.20%: What You Should Know
Wingstop (WING - Free Report) ended the recent trading session at $356.09, demonstrating a -2.2% change from the preceding day's closing price. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.31%.
The stock of restaurant chain has risen by 7.5% in the past month, leading the Retail-Wholesale sector's gain of 2.13% and the S&P 500's gain of 5.05%.
The investment community will be paying close attention to the earnings performance of Wingstop in its upcoming release. In that report, analysts expect Wingstop to post earnings of $0.87 per share. This would mark a year-over-year decline of 6.45%. Our most recent consensus estimate is calling for quarterly revenue of $173.63 million, up 11.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.9 per share and revenue of $730.74 million, which would represent changes of +6.56% and +16.77%, respectively, from the prior 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 0.09% higher. Right now, Wingstop possesses a Zacks Rank of #2 (Buy).
Looking at its valuation, Wingstop is holding a Forward P/E ratio of 93.42. This represents a premium compared to its industry average Forward P/E of 23.01.
It is also worth noting that WING currently has a PEG ratio of 5.09. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Retail - Restaurants industry had an average PEG ratio of 2.62.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WING in the coming trading sessions, be sure to utilize Zacks.com.