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Wingstop (WING) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Wingstop (WING - Free Report) closed at $208.66, marking a -4.01% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.08%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.08%.
The stock of restaurant chain has fallen by 16.28% in the past month, lagging the Retail-Wholesale sector's loss of 1.45% and the S&P 500's loss of 2.16%.
Analysts and investors alike will be keeping a close eye on the performance of Wingstop in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.05, showcasing a 6.06% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $190.48 million, showing a 11.33% escalation compared to the year-ago quarter.
WING's full-year Zacks Consensus Estimates are calling for earnings of $4.69 per share and revenue of $801.99 million. These results would represent year-over-year changes of +14.95% and +15.09%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.48% lower. Wingstop is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Wingstop currently has a Forward P/E ratio of 46.33. This indicates a premium in contrast to its industry's Forward P/E of 19.91.
It is also worth noting that WING currently has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. WING's industry had an average PEG ratio of 1.87 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 185, this industry ranks in the bottom 25% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Wingstop (WING) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Wingstop (WING - Free Report) closed at $208.66, marking a -4.01% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.08%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.08%.
The stock of restaurant chain has fallen by 16.28% in the past month, lagging the Retail-Wholesale sector's loss of 1.45% and the S&P 500's loss of 2.16%.
Analysts and investors alike will be keeping a close eye on the performance of Wingstop in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.05, showcasing a 6.06% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $190.48 million, showing a 11.33% escalation compared to the year-ago quarter.
WING's full-year Zacks Consensus Estimates are calling for earnings of $4.69 per share and revenue of $801.99 million. These results would represent year-over-year changes of +14.95% and +15.09%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.48% lower. Wingstop is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Wingstop currently has a Forward P/E ratio of 46.33. This indicates a premium in contrast to its industry's Forward P/E of 19.91.
It is also worth noting that WING currently has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. WING's industry had an average PEG ratio of 1.87 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 185, this industry ranks in the bottom 25% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.