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Wingstop (WING) Gains As Market Dips: What You Should Know
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Wingstop (WING - Free Report) closed the most recent trading day at $101.80, moving +2.76% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.77% for the day. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Coming into today, shares of the restaurant chain had lost 12.78% in the past month. In that same time, the Retail-Wholesale sector lost 6.02%, while the S&P 500 gained 0.96%.
The investment community will be paying close attention to the earnings performance of Wingstop in its upcoming release. In that report, analysts expect Wingstop to post earnings of $1.05 per share. This would mark a year-over-year decline of 3.67%. Simultaneously, our latest consensus estimate expects the revenue to be $194.94 million, showing a 10.93% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.5 per share and revenue of $766.07 million, indicating changes of +10.29% and +9.93%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Wingstop should also be noted by investors. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.2% lower. Wingstop is currently a Zacks Rank #3 (Hold).
Digging into valuation, Wingstop currently has a Forward P/E ratio of 22.04. This denotes a premium relative to the industry average Forward P/E of 20.71.
Investors should also note that WING has a PEG ratio of 1.18 right now. 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. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 1.76.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Wingstop (WING) Gains As Market Dips: What You Should Know
Wingstop (WING - Free Report) closed the most recent trading day at $101.80, moving +2.76% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.77% for the day. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Coming into today, shares of the restaurant chain had lost 12.78% in the past month. In that same time, the Retail-Wholesale sector lost 6.02%, while the S&P 500 gained 0.96%.
The investment community will be paying close attention to the earnings performance of Wingstop in its upcoming release. In that report, analysts expect Wingstop to post earnings of $1.05 per share. This would mark a year-over-year decline of 3.67%. Simultaneously, our latest consensus estimate expects the revenue to be $194.94 million, showing a 10.93% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.5 per share and revenue of $766.07 million, indicating changes of +10.29% and +9.93%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Wingstop should also be noted by investors. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.2% lower. Wingstop is currently a Zacks Rank #3 (Hold).
Digging into valuation, Wingstop currently has a Forward P/E ratio of 22.04. This denotes a premium relative to the industry average Forward P/E of 20.71.
Investors should also note that WING has a PEG ratio of 1.18 right now. 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. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 1.76.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.