Dave & Buster's Entertainment (PLAY): Strong Industry, Solid Earnings Estimate Revisions
One stock that might be an intriguing choice for investors right now is Dave & Buster's Entertainment, Inc. PLAY. This is because this security in the Retail-Restaurants space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Retail-Restaurants space as it currently has a Zacks Industry Rank of 72 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Dave & Buster's Entertainment is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current year estimates have risen from $1.38 per share to $1.41 per share. This has helped PLAY to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry, consider Dave & Buster's Entertainment. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DAVE&BUSTRS ENT (PLAY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
