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

Wingstop

01/05/2024 16:01

* Wingstop Inc  WING.OQ  reported quarterly adjusted
earnings of
98 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 59
cents.  The mean expectation of twenty one analysts for the
quarter was for earnings of 76 cents per share. Wall Street
expected results to range from 59 cents to 86 cents per share.
    * Revenue rose 34.1% to $145.79 million from a year ago;
analysts
expected $135.60 million. 
    * Wingstop Inc's reported EPS for the quarter was 98 cents​.
    * The company reported quarterly net income of $28.75
million.
    * Wingstop Inc shares had risen by 5.0% this quarter and
gained 50.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.4%
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," 13
"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
$350.00 
This summary was machine generated from LSEG data May 1 at 03:01
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
 Mar. 31 2024      0.76           0.98           Beat
 Dec. 31 2023      0.57           0.64           Beat
 Sep. 30 2023      0.52           0.69           Beat
 Jun. 30 2023      0.51           0.57           Beat