Dave & Buster's (PLAY) Stock Moves -0.28%: What You Should Know
Dave & Buster's (PLAY) ended the recent trading session at $35.75, demonstrating a -0.28% swing from the preceding day's closing price. This change was narrower than the S&P 500's daily loss of 1.26%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq decreased by 1.54%.
The the stock of owner of Dave & Buster's, a chain of restaurants and arcades has risen by 0.9% in the past month, leading the Retail-Wholesale sector's loss of 5.25% and the S&P 500's loss of 3.67%.
The upcoming earnings release of Dave & Buster's will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.19, reflecting a 575% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $473.55 million, down 1.59% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.85 per share and revenue of $2.24 billion, indicating changes of +2.15% and +13.85%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Dave & Buster's. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.04% lower within the past month. At present, Dave & Buster's boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Dave & Buster's is holding a Forward P/E ratio of 12.56. This signifies a discount in comparison to the average Forward P/E of 19.6 for its industry.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 36% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Dave & Buster's Entertainment, Inc. (PLAY) : Free Stock Analysis Report
