Denny's Corp reports results for the quarter ended in March - Earnings Summary

Dennys

01/05/2024 01:54

* Denny's Corp  DENN.OQ  reported quarterly adjusted
earnings of
11 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 14 cents per share. Wall Street expected
results to range from 11 cents to 16 cents per share.
    * Revenue fell 6.4% to $109.97 million from a year ago;
analysts
expected $115.16 million. 
    * Denny's Corp's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $4.69
million.
    * Denny's Corp shares had fallen by 8.4% this quarter and
lost 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "buy"

Wall Street's median 12-month price target for Denny's Corp is
$11.00 
This summary was machine generated from LSEG data May 1 at 12:54
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.14           0.11           Missed
 Dec. 31 2023      0.17           0.14           Missed
 Sep. 30 2023      0.15           0.17           Beat
 Jun. 30 2023      0.16           0.14           Missed