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Insights Into Wingstop (WING) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts expect Wingstop (WING - Free Report) to post quarterly earnings of $1.02 per share in its upcoming report, which indicates a year-over-year decline of 6.4%. Revenues are expected to be $193.31 million, up 10% from the year-ago quarter.
The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.
In light of this perspective, let's dive into the average estimates of certain Wingstop metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenue- Royalty revenue, franchise fees and other' at $89.89 million. The estimate indicates a year-over-year change of +10.7%.
The consensus estimate for 'Revenue- Company-owned restaurant sales' stands at $36.42 million. The estimate suggests a change of +12% year over year.
It is projected by analysts that the 'Revenue- Advertising fees' will reach $67.02 million. The estimate suggests a change of +8.1% year over year.
Analysts forecast 'Total System-wide Restaurants' to reach 3,372 . The estimate is in contrast to the year-ago figure of 2,932 .
The collective assessment of analysts points to an estimated 'Total Franchise Restaurants' of 3,300 . The estimate compares to the year-ago value of 2,877 .
Analysts predict that the 'Number of Restaurants at end of period - International Franchised Activity' will reach 559 . Compared to the present estimate, the company reported 427 in the same quarter last year.
The combined assessment of analysts suggests that 'Total Domestic Restaurants' will likely reach 2,812 . The estimate is in contrast to the year-ago figure of 2,505 .
The consensus among analysts is that 'Number of Restaurants at end of period - Domestic Company-Owned Activity' will reach 71 . The estimate is in contrast to the year-ago figure of 55 .
Analysts expect 'Number of Restaurants at end of period - Domestic Franchised Activity' to come in at 2,741 . Compared to the present estimate, the company reported 2,450 in the same quarter last year.
Based on the collective assessment of analysts, 'Company-owned domestic same store sales growth' should arrive at -2.4%. Compared to the present estimate, the company reported 3.8% in the same quarter last year.
According to the collective judgment of analysts, 'New Restaurant Openings - International Franchised Activity' should come in at 27 . Compared to the present estimate, the company reported 22 in the same quarter last year.
Analysts' assessment points toward 'New Restaurant Openings' reaching 112 . Compared to the current estimate, the company reported 114 in the same quarter of the previous year.
Over the past month, Wingstop shares have recorded returns of +20.7% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #3 (Hold), WING 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 >>>> .
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Insights Into Wingstop (WING) Q3: Wall Street Projections for Key Metrics
Wall Street analysts expect Wingstop (WING - Free Report) to post quarterly earnings of $1.02 per share in its upcoming report, which indicates a year-over-year decline of 6.4%. Revenues are expected to be $193.31 million, up 10% from the year-ago quarter.
The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision 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.
In light of this perspective, let's dive into the average estimates of certain Wingstop metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenue- Royalty revenue, franchise fees and other' at $89.89 million. The estimate indicates a year-over-year change of +10.7%.
The consensus estimate for 'Revenue- Company-owned restaurant sales' stands at $36.42 million. The estimate suggests a change of +12% year over year.
It is projected by analysts that the 'Revenue- Advertising fees' will reach $67.02 million. The estimate suggests a change of +8.1% year over year.
Analysts forecast 'Total System-wide Restaurants' to reach 3,372 . The estimate is in contrast to the year-ago figure of 2,932 .
The collective assessment of analysts points to an estimated 'Total Franchise Restaurants' of 3,300 . The estimate compares to the year-ago value of 2,877 .
Analysts predict that the 'Number of Restaurants at end of period - International Franchised Activity' will reach 559 . Compared to the present estimate, the company reported 427 in the same quarter last year.
The combined assessment of analysts suggests that 'Total Domestic Restaurants' will likely reach 2,812 . The estimate is in contrast to the year-ago figure of 2,505 .
The consensus among analysts is that 'Number of Restaurants at end of period - Domestic Company-Owned Activity' will reach 71 . The estimate is in contrast to the year-ago figure of 55 .
Analysts expect 'Number of Restaurants at end of period - Domestic Franchised Activity' to come in at 2,741 . Compared to the present estimate, the company reported 2,450 in the same quarter last year.
Based on the collective assessment of analysts, 'Company-owned domestic same store sales growth' should arrive at -2.4%. Compared to the present estimate, the company reported 3.8% in the same quarter last year.
According to the collective judgment of analysts, 'New Restaurant Openings - International Franchised Activity' should come in at 27 . Compared to the present estimate, the company reported 22 in the same quarter last year.
Analysts' assessment points toward 'New Restaurant Openings' reaching 112 . Compared to the current estimate, the company reported 114 in the same quarter of the previous year.
View all Key Company Metrics for Wingstop here>>>Over the past month, Wingstop shares have recorded returns of +20.7% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #3 (Hold), WING 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 >>>> .