Domino’s Pizza Earnings: Here’s Why Investors Don’t Like These Results
Domino’s Pizza, Inc. (NYSE:DPZ) 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 0.38%.
Domino’s Pizza, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.28% to $0.57 in the quarter versus EPS of $0.47 in the year-earlier quarter.
Revenue: Rose 10.07% to $414 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Domino’s Pizza, Inc. reported adjusted EPS income of $0.57 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $405.06 million.
Quoting Management: J. Patrick Doyle, Domino’s President and Chief Executive Officer, said: “Our team is very proud to be driving the continued transformation of this 53-year-old brand. We’ve not just endured – we’ve grown and outperformed, and made Domino’s a frequent and favorite choice for our customers. Our franchisees around the world are running great and successful businesses. This quarter’s results were more evidence for us that we’re on the right track with our strategic plan and execution. Our company’s valuation has reflected this positive performance and rewarded our shareholders. This all just makes us more energized to keep pushing forward.”
Key Stats (on next page)…
Revenue decreased 0.87% from $417.62 million in the previous quarter. EPS decreased 3.39% from $0.59 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.51 and has not changed. For the current year, the average estimate has moved up from a profit of $2.33 to a profit of $2.4 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)