Wingstop Inc reports results for the quarter ended in January - Earnings Summary

Wingstop

31/07/2024 15:09

* Wingstop Inc  WING.OQ  reported quarterly adjusted
earnings of
93 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 57 cents.  The mean expectation of twenty two analysts for
the quarter was for earnings of 82 cents per share. Wall Street
expected results to range from 73 cents to 94 cents per share.
    * Revenue rose 45.3% to $155.70 million from a year ago;
analysts
expected $144.01 million. 
    * Wingstop Inc's reported EPS for the quarter was 93 cents​.
    * The company reported quarterly net income of $27.49
million.
    * Wingstop Inc shares had fallen by 10.9% this quarter and
gained 46.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 15
"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 Wingstop Inc is
$419.00 
This summary was machine generated from LSEG data July 31 at
02:09 p.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
 Jun. 30 2024      0.82           0.93           Beat
 Mar. 31 2024      0.76           0.98           Beat
 Sep. 30 2023                     0.64           
 Sep. 30 2023      0.52           0.69           Beat