Yahoo Finance Wingstop (WING) Reports Earnings Tomorrow: What To Expect
Fast-food chain Wingstop (NASDAQ:WING) will be reporting earnings tomorrow morning. Here's what you need to know.
Wingstop beat analysts' revenue expectations by 7.2% last quarter, reporting revenues of $145.8 million, up 34.1% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' gross margin estimates and a solid beat of analysts' earnings estimates.
Is Wingstop a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Wingstop's revenue to grow 35.4% year on year to $145.1 million, improving from the 27.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.83 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wingstop has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 4.6% on average.
Looking at Wingstop's peers in the restaurants segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Chipotle delivered year-on-year revenue growth of 18.2%, beating analysts' expectations by 1.1%, and BJ's reported flat revenue, in line with consensus estimates. Chipotle traded down 1.9% following the results while BJ's was also down 15.4%.
Read our full analysis of Chipotle's results here and BJ's results here.
Investors in the restaurants segment have had steady hands going into earnings, with share prices flat over the last month. Wingstop is down 13.7% during the same time and is heading into earnings with an average analyst price target of $401.8 (compared to the current share price of $366.5).
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