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Unlocking Q1 Potential of Dave & Buster's (PLAY): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Dave & Buster's (PLAY - Free Report) will report quarterly earnings of $0.37 per share in its upcoming release, pointing to a year-over-year decline of 51.3%. It is anticipated that revenues will amount to $571.09 million, exhibiting an increase of 0.6% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 20.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Dave & Buster's metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Food and beverage revenues' to reach $212.51 million. The estimate indicates a year-over-year change of +5.7%.
Based on the collective assessment of analysts, 'Entertainment revenues' should arrive at $358.35 million. The estimate suggests a change of -2.3% year over year.
According to the collective judgment of analysts, 'Stores Count - End of Period' should come in at 244 . The estimate compares to the year-ago value of 236 .
Dave & Buster's shares have witnessed a change of +17.7% in the past month, in contrast to the Zacks S&P 500 composite's no move. With a Zacks Rank #5 (Strong Sell), PLAY is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q1 Potential of Dave & Buster's (PLAY): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Dave & Buster's (PLAY - Free Report) will report quarterly earnings of $0.37 per share in its upcoming release, pointing to a year-over-year decline of 51.3%. It is anticipated that revenues will amount to $571.09 million, exhibiting an increase of 0.6% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 20.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Dave & Buster's metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Food and beverage revenues' to reach $212.51 million. The estimate indicates a year-over-year change of +5.7%.
Based on the collective assessment of analysts, 'Entertainment revenues' should arrive at $358.35 million. The estimate suggests a change of -2.3% year over year.
According to the collective judgment of analysts, 'Stores Count - End of Period' should come in at 244 . The estimate compares to the year-ago value of 236 .
View all Key Company Metrics for Dave & Buster's here>>>Dave & Buster's shares have witnessed a change of +17.7% in the past month, in contrast to the Zacks S&P 500 composite's no move. With a Zacks Rank #5 (Strong Sell), PLAY is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .