Diner restaurant chain Denny’s (NASDAQ:DENN)
will be reporting earnings tomorrow before market hours. Here’s what you need to know.
Denny’s missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $115.9 million, flat year on year. It was a disappointing quarter for the company, with a miss of analysts’ earnings estimates.
Is Denny’s a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Denny’s revenue to grow 1.1% year on year to $115.5 million, a reversal from the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Denny’s has missed Wall Street’s revenue estimates five times over the last two years.
Read our full analysis of Darden’s results here and Domino’s results here.
There has been positive sentiment among investors in the restaurants segment, with share prices up 6.6% on average over the last month. Denny’s is up 2.1% during the same time and is heading into earnings with an average analyst price target of $9.57 (compared to the current share price of $6.66).
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