The upcoming report from Wingstop (WING) is expected to reveal quarterly earnings of $0.84 per share, indicating a decline of 4.6% compared to the year-ago period. Analysts forecast revenues of $176.35 million, representing an increase of 9% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Wingstop metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Royalty revenue, franchise fees and other' will likely reach $81.90 million. The estimate suggests a change of +8.2% year over year.
According to the collective judgment of analysts, 'Revenue- Company-owned restaurant sales' should come in at $32.77 million. The estimate suggests a change of +9% year over year.
Analysts forecast 'Revenue- Advertising fees' to reach $62.35 million. The estimate points to a change of +11.2% from the year-ago quarter.
The consensus estimate for 'Total System-wide Restaurants' stands at 3,045 . The estimate is in contrast to the year-ago figure of 2,563 .
It is projected by analysts that the 'Domestic same store sales growth' will reach -6.6%. Compared to the current estimate, the company reported 10.1% in the same quarter of the previous year.
Analysts expect 'Total Franchise Restaurants' to come in at 2,990 . The estimate is in contrast to the year-ago figure of 2,513 .
Based on the collective assessment of analysts, 'Number of Restaurants at end of period - Domestic Company-Owned Activity' should arrive at 56 . The estimate compares to the year-ago value of 50 .
Analysts predict that the 'Number of Restaurants at end of period - International Franchised Activity' will reach 446 . Compared to the present estimate, the company reported 359 in the same quarter last year.
Analysts' assessment points toward 'Total Domestic Restaurants' reaching 2,599 . The estimate is in contrast to the year-ago figure of 2,204 .
The consensus among analysts is that 'Number of Restaurants at end of period - Domestic Franchised Activity' will reach 2,543 . Compared to the current estimate, the company reported 2,154 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Company-owned domestic same store sales growth' of 2.3%. The estimate compares to the year-ago value of 3.8%.
The average prediction of analysts places 'New Restaurant Openings - International Franchised Activity' at 24 . The estimate compares to the year-ago value of 22 .
View all Key Company Metrics for Wingstop here>>>
Wingstop shares have witnessed a change of -11.3% in the past month, in contrast to the Zacks S&P 500 composite's -0.3% move. With a Zacks Rank #4 (Sell), WING 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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Wingstop Inc. (WING): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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