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Wingstop (WING) Stock Sinks As Market Gains: What You Should Know
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Wingstop (WING - Free Report) ended the recent trading session at $144.87, demonstrating a -6.52% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.72% for the day. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 1.16%.
Shares of the restaurant chain have depreciated by 37.31% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 4.19%, and the S&P 500's loss of 4.99%.
Market participants will be closely following the financial results of Wingstop in its upcoming release. The company is forecasted to report an EPS of $1.04, showcasing a 5.05% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $189.47 million, indicating a 10.74% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.67 per share and a revenue of $797.17 million, indicating changes of +14.46% and +14.4%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 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 past month, the Zacks Consensus EPS estimate has moved 0.34% lower. 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 33.2. This represents a premium compared to its industry average Forward P/E of 18.82.
It's also important to note that WING currently trades at a PEG ratio of 1.7. 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. The Retail - Restaurants industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 25% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Wingstop (WING) Stock Sinks As Market Gains: What You Should Know
Wingstop (WING - Free Report) ended the recent trading session at $144.87, demonstrating a -6.52% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.72% for the day. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 1.16%.
Shares of the restaurant chain have depreciated by 37.31% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 4.19%, and the S&P 500's loss of 4.99%.
Market participants will be closely following the financial results of Wingstop in its upcoming release. The company is forecasted to report an EPS of $1.04, showcasing a 5.05% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $189.47 million, indicating a 10.74% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.67 per share and a revenue of $797.17 million, indicating changes of +14.46% and +14.4%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 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 past month, the Zacks Consensus EPS estimate has moved 0.34% lower. 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 33.2. This represents a premium compared to its industry average Forward P/E of 18.82.
It's also important to note that WING currently trades at a PEG ratio of 1.7. 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. The Retail - Restaurants industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 25% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.