Del Frisco’s Restaurant Earnings: Here’s Why the Stock is Down Now

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.06%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Del Frisco’s Restaurant Group, Inc. Earnings Cheat Sheet

Revenue: Rose 11.4% to $59.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Del Frisco’s Restaurant Group, Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.20. It beat the average revenue estimate of $58.54 million.

Quoting Management: “Despite initial comparable restaurant sales softness at the beginning of the first quarter due to macro-economic factors, adverse weather affecting some of our highest grossing restaurants, and a formidable year-ago comparison, overall trends improved considerably during the March fiscal period. In fact, all three brands generated positive traffic during the last four weeks of the first quarter and that momentum continued into our April fiscal period as well,” said Mark S. Mednansky, Chief Executive Officer of Del Frisco’s Restaurant Group, Inc.

Key Stats (on next page)…

Revenue decreased 26.05% from $80.87 million in the previous quarter. EPS decreased 32.26% from $0.31 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.20 to a profit $0.19. For the current year, the average estimate has moved down from a profit of $0.97 to a profit of $0.96 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , ,  

More from The Cheat Sheet