Wall Street analysts expect Dutch Bros (BROS) to post quarterly earnings of $0.17 per share in its upcoming report, which indicates a year-over-year increase of 6.3%. Revenues are expected to be $411.13 million, up 21.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during 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 Dutch Bros metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenues- Franchising and other' should come in at $32.68 million. The estimate indicates a change of +9.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Company-operated shops' of $378.56 million. The estimate suggests a change of +22.8% year over year.
Analysts' assessment points toward 'Shop count, end of period - Total shop count' reaching 1,084 . Compared to the current estimate, the company reported 950 in the same quarter of the previous year.
The average prediction of analysts places 'Shop count, end of period - Franchised' at 322 . Compared to the present estimate, the company reported 305 in the same quarter last year.
Analysts predict that the 'Shop count, end of period - Company-operated' will reach 763 . Compared to the present estimate, the company reported 645 in the same quarter last year.
Based on the collective assessment of analysts, 'Company-operated same shop sales and transactions' should arrive at 4.7%. The estimate compares to the year-ago value of 4.0%.
The consensus estimate for 'Total net - new shop openings' stands at 42 . The estimate is in contrast to the year-ago figure of 38 .
It is projected by analysts that the 'Company-operated new openings' will reach 39 . The estimate compares to the year-ago value of 33 .
View all Key Company Metrics for Dutch Bros here>>>
Over the past month, Dutch Bros shares have recorded returns of +11.1% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #2 (Buy), BROS will likely outperform 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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Dutch Bros Inc. (BROS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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