Casual restaurant chain Dine Brands (NYSE: DIN) will be announcing earnings results this Wednesday before market open. Here’s what you need to know.
Dine Brands beat analysts’ revenue expectations last quarter, reporting revenues of $225.2 million, up 4.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ same-store sales estimates and full-year EBITDA guidance topping analysts’ expectations.
Is Dine Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Dine Brands’s revenue to grow 2.6% year on year, slowing from the 11.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Dine Brands has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Dine Brands’s peers in the sit-down dining segment, some have already reported their Q2 results, giving us a hint as to what we can expect. The Cheesecake Factory delivered year-on-year revenue growth of 7.7%, beating analysts’ expectations by 2.9%, and BJ's reported revenues up 6.4%, topping estimates by 3.2%. The Cheesecake Factory traded up 13.6% following the results while BJ's was down 9%.
Read our full analysis of The Cheesecake Factory’s results here and BJ’s results here.
There has been positive sentiment among investors in the sit-down dining segment, with share prices up 2.4% on average over the last month. Dine Brands is up 1.2% during the same time and is heading into earnings with an average analyst price target of $34.50 (compared to the current share price of $36.10).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
