Wingstop (WING) reports earnings tomorrow – here’s what to expect
Fast food chain Wingstop (NASDAQ:) will report earnings tomorrow morning. Here’s what to expect.
Wingstop posted revenue of $117.1 million last quarter, up 26.4% year-over-year, beating analysts’ revenue expectations by 7.3%. It was a banner quarter for the company, with an impressive beat to analysts’ revenue estimates. Adjusted EBITDA and EPS also outperformed Wall Street estimates.
Will buying or selling Wingstop drive profits? Find out by reading the original article on StockStory.
This quarter, analysts expect Wingstop’s revenue to grow 14.4% year-over-year to $119.9 million, slowing from the 45.6% year-over-year increase in revenue the company reported in same quarter last year. Adjusted earnings are expected to be $0.57 per share.
Analysts following the company have become increasingly optimistic about the company’s earnings, with revenue estimates seeing six upward revisions in the past thirty days. The company has missed Wall Street revenue estimates three times in the past two years.
Looking at Wingstop’s peers in the restaurant segment, some of them have already reported their fourth quarter earnings results, giving us a hint as to what we can expect. Chipotle (NYSE:) posted revenue growth of 15.4% year-over-year, beating analysts’ estimates of 1.1%, and Shake Shack (NYSE:) posted revenue growth of 20% year-over-year annual, exceeding estimates by 2.2%. Chipotle gained 2.1% on the results, and Shake Shack rose 7.8%.
Read the full analysis of Chipotle and Shake Shack results on StockStory.
There has been positive sentiment among investors in the restaurant segment, with shares rising by an average of 2.9% over the past month. Over the same period, Wingstop is up 13.2% and is heading to earnings with an analyst price target of $277.7, compared to the stock price of $318.8.