Denny’s Corp Quarterly Earnings Sneak Peek

Denny’s Corp (NASDAQ:DENN) will unveil its latest earnings on Tuesday, August 2, 2011. Denny’s Corporation operates a family-style restaurant chains in America. It through its wholly owned subsidiaries, Denny’s Holdings, Inc. and Denny’s, Inc., owns and operates the Denny’s restaurant brand.

Denny’s Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 8 cents per share, a rise of 60% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting net income of 35 cents per share, a rise of 25% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported profit of 6 cents per share versus a mean estimate of 7 cents. Two quarters ago, it reported net income of 8 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $135.1 million in revenue this quarter, a decline of 0% from the year ago quarter. Analysts are forecasting total revenue of $545.3 million for the year, a decline of 0.6% from last year’s revenue of $548.5 million.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 1.3% to $135.8 million in first quarter. The figure fell 3.3% in the fourth quarter of the last fiscal year from the year earlier, dropped 4.2% in third quarter of the last fiscal year from the year-ago quarter and 13.3% in the second quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 34.3% over the past four quarters. The quarter hit the hardest was the fourth quarter of the last fiscal year, that saw an 84.7% drop.

Competitors to Watch: DineEquity, Inc. (NYSE:DIN), Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), Bob Evans Farms, Inc. (NASDAQ:BOBE), Biglari Holdings Inc (NYSE:BH), Mexican Restaurants, Inc. (CASA), O’Charley’s Inc. (NASDAQ:CHUX), Famous Dave’s of America, Inc. (NASDAQ:DAVE), Landry’s Restaurants, Inc (LNY), Morton’s Restaurant Group, Inc. (NYSE:MRT), and Flanigan’s Enterprises, Inc. (AMEX:BDL).

Stock Price Performance: During July 21, 2011 to July 27, 2011, the stock price had dropped 37 cents (-8.6%) from $4.29 to $3.92. The stock price saw one of its best stretches over the last year between October 27, 2010 and November 4, 2010 when shares rose for seven-straight days, rising 12.5% (+39 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 6, 2011 when shares fell for five-straight days, falling 4.9% (-20 cents) over that span. Shares are up 34 cents (+9.5%) year to date.

(Source: Xignite Financials)

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