Dave & Buster's (PLAY) Stock Moves -0.22%: What You Should Know
Dave & Buster's (PLAY) closed the most recent trading day at $53.51, moving -0.22% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.61% for the day. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, lost 2.23%.
Shares of the owner of Dave & Buster's, a chain of restaurants and arcades witnessed a loss of 1.09% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.31% and the S&P 500's gain of 3.28%.
Analysts and investors alike will be keeping a close eye on the performance of Dave & Buster's in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.14, marking a 42.5% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $610.21 million, reflecting an 8.24% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.19 per share and a revenue of $2.22 billion, representing changes of +14.34% and +12.83%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Dave & Buster's. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dave & Buster's is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Dave & Buster's is presently trading at a Forward P/E ratio of 16.81. This valuation marks a discount compared to its industry's average Forward P/E of 21.06.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 39% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Dave & Buster's Entertainment, Inc. (PLAY) : Free Stock Analysis Report
