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Gear Up for Darden Restaurants (DRI) Q1 Earnings: Wall Street Estimates for Key Metrics
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The upcoming report from Darden Restaurants (DRI - Free Report) is expected to reveal quarterly earnings of $2.06 per share, indicating an increase of 4.6% compared to the year-ago period. Analysts forecast revenues of $3.2 billion, representing an increase of 5.3% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Darden Restaurants metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Sales- Olive Garden' will reach $1.35 billion. The estimate points to a change of +3.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Sales- Other Business' of $684.66 million. The estimate suggests a change of +0.6% year over year.
Based on the collective assessment of analysts, 'Sales- Fine Dining' should arrive at $302.67 million. The estimate points to a change of +5.6% from the year-ago quarter.
Analysts forecast 'Sales- LongHorn Steakhouse' to reach $859.29 million. The estimate indicates a year-over-year change of +10.7%.
The average prediction of analysts places 'Same-restaurant sales - LongHorn Steakhouse - YoY change' at 6.3%. Compared to the present estimate, the company reported 5.5% in the same quarter last year.
According to the collective judgment of analysts, 'Company-owned restaurants - Olive Garden' should come in at 954 . Compared to the current estimate, the company reported 933 in the same quarter of the previous year.
The consensus estimate for 'Same-restaurant sales - Olive Garden - YoY change' stands at 1.7%. Compared to the current estimate, the company reported 5.9% in the same quarter of the previous year.
Analysts expect 'Same-restaurant sales - Consolidated - YoY change' to come in at 3.1%. The estimate compares to the year-ago value of 4.7%.
Analysts' assessment points toward 'Company-owned restaurants - LongHorn Steakhouse' reaching 624 . Compared to the current estimate, the company reported 595 in the same quarter of the previous year.
The consensus among analysts is that 'Company-owned restaurants - Total' will reach 2,214 . Compared to the present estimate, the company reported 2,165 in the same quarter last year.
The combined assessment of analysts suggests that 'Same-restaurant sales - Other Business - YoY change' will likely reach 2.7%. Compared to the present estimate, the company reported 3.3% in the same quarter last year.
It is projected by analysts that the 'Company-owned restaurants - Ruth's Chris Steak House' will reach 83 . The estimate is in contrast to the year-ago figure of 82 .
Over the past month, Darden Restaurants shares have recorded returns of -5.6% versus the Zacks S&P 500 composite's -1.3% change. Based on its Zacks Rank #3 (Hold), DRI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Gear Up for Darden Restaurants (DRI) Q1 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Darden Restaurants (DRI - Free Report) is expected to reveal quarterly earnings of $2.06 per share, indicating an increase of 4.6% compared to the year-ago period. Analysts forecast revenues of $3.2 billion, representing an increase of 5.3% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Darden Restaurants metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Sales- Olive Garden' will reach $1.35 billion. The estimate points to a change of +3.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Sales- Other Business' of $684.66 million. The estimate suggests a change of +0.6% year over year.
Based on the collective assessment of analysts, 'Sales- Fine Dining' should arrive at $302.67 million. The estimate points to a change of +5.6% from the year-ago quarter.
Analysts forecast 'Sales- LongHorn Steakhouse' to reach $859.29 million. The estimate indicates a year-over-year change of +10.7%.
The average prediction of analysts places 'Same-restaurant sales - LongHorn Steakhouse - YoY change' at 6.3%. Compared to the present estimate, the company reported 5.5% in the same quarter last year.
According to the collective judgment of analysts, 'Company-owned restaurants - Olive Garden' should come in at 954 . Compared to the current estimate, the company reported 933 in the same quarter of the previous year.
The consensus estimate for 'Same-restaurant sales - Olive Garden - YoY change' stands at 1.7%. Compared to the current estimate, the company reported 5.9% in the same quarter of the previous year.
Analysts expect 'Same-restaurant sales - Consolidated - YoY change' to come in at 3.1%. The estimate compares to the year-ago value of 4.7%.
Analysts' assessment points toward 'Company-owned restaurants - LongHorn Steakhouse' reaching 624 . Compared to the current estimate, the company reported 595 in the same quarter of the previous year.
The consensus among analysts is that 'Company-owned restaurants - Total' will reach 2,214 . Compared to the present estimate, the company reported 2,165 in the same quarter last year.
The combined assessment of analysts suggests that 'Same-restaurant sales - Other Business - YoY change' will likely reach 2.7%. Compared to the present estimate, the company reported 3.3% in the same quarter last year.
It is projected by analysts that the 'Company-owned restaurants - Ruth's Chris Steak House' will reach 83 . The estimate is in contrast to the year-ago figure of 82 .
View all Key Company Metrics for Darden Restaurants here>>>Over the past month, Darden Restaurants shares have recorded returns of -5.6% versus the Zacks S&P 500 composite's -1.3% change. Based on its Zacks Rank #3 (Hold), DRI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .