Several analysts at Wall Street have predicted that the stocks of DPZ will be posting a sales sum of $978.57 million in the current quarter. According to a report from Zacks Investment Research, nine of the analysts covering the firm have already provided estimates into the earnings of the company from a sales sum of $949.25 million to $999.2 million.
The company had previously posted a sales sum of $873.10 million the previous year, so this indicates an annual growth rate of 12.1%. The company will be issuing its next quarterly result on the 22nd of April.
The Quarterly Estimates of DPZ
The stocks of DPZ previously issued their quarterly data on the 25th of February. The EPS reported by the restaurant operator was $3.46, which missed out on the consensus by $3.79. The company has a -14.11% return on its equity with an 11.98% net margin. DPZ has also generated a revenue of $1.36 billion for the quarter, which was more than the consensus estimate of $1.38 billion.
There have been quite a few research analysts that have already provided estimates into the company. Evercore ISI has already given the company a rating of outperform. Argus has gone ahead and dropped the price target of the company from $455 to $400, along with a rating of buy issued on the company. The Goldman Sachs Group has also started covering the firm as they gave it a rating of buy with a $425 price target.
Wedbush has decreased the price target from $500 to $475, along with a rating outperform. In the end, the Royal Bank of Canada also ended up lowering the price target from $449 to $428, with a rating of outperform.
Nine of the research analysts covering the stocks of DPZ have given it a rating of hold, while twenty-one of them have given it a rating of buy. Currently, DPZ has a buy rating, with a $421.22 price target.
