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 Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Wingstop (WING - Free Report) closed at $304.78 in the latest trading session, marking a -1.62% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.21%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.45%.
Shares of the restaurant chain witnessed a loss of 1.77% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.92%, and the S&P 500's gain of 3.07%.
Market participants will be closely following the financial results of Wingstop in its upcoming release. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 9.09% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $188.76 million, up 16.16% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.01 per share and revenue of $731.55 million, which would represent changes of +9.56% and +16.9%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Wingstop holds a Zacks Rank of #3 (Hold).
In the context of valuation, Wingstop is at present trading with a Forward P/E ratio of 77.23. This expresses a premium compared to the average Forward P/E of 20.22 of its industry.
We can additionally observe that WING currently boasts a PEG ratio of 3.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 2.31.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 191, finds itself in the bottom 23% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wingstop (WING) Stock Falls Amid Market Uptick: What Investors Need to Know
Wingstop (WING - Free Report) closed at $304.78 in the latest trading session, marking a -1.62% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.21%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.45%.
Shares of the restaurant chain witnessed a loss of 1.77% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.92%, and the S&P 500's gain of 3.07%.
Market participants will be closely following the financial results of Wingstop in its upcoming release. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 9.09% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $188.76 million, up 16.16% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.01 per share and revenue of $731.55 million, which would represent changes of +9.56% and +16.9%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Wingstop holds a Zacks Rank of #3 (Hold).
In the context of valuation, Wingstop is at present trading with a Forward P/E ratio of 77.23. This expresses a premium compared to the average Forward P/E of 20.22 of its industry.
We can additionally observe that WING currently boasts a PEG ratio of 3.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 2.31.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 191, finds itself in the bottom 23% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.