What To Expect From Papa John's’s (PZZA) Q3 Earnings
Fast-food pizza chain Papa John’s (NASDAQ:PZZA) will be reporting earnings tomorrow morning. Here's what to expect.
Last quarter Papa John's reported revenues of $514.5 million, down 1.56% year on year, missing analyst expectations by 3.5%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.
Is Papa John's buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Papa John's's revenue to grow 3.88% year on year to $530.3 million, improving on the 0.44% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Papa John's's peers in the traditional fast food segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. McDonald's delivered top-line growth of 14% year on year, beating analyst estimates by 2.16% and Yum China reported revenues up 8.53% year on year, missing analyst estimates by 5.65%. McDonald's traded up 2.7% on the results, Yum China was down 11.1% on the results.
Read our full analysis of McDonald's's results here and Yum China's results here.
Investors in the traditional fast food segment have had steady hands going into the earnings, with the stocks up on average 1.5% over the last month. Papa John's is up 0.83% during the same time, and is heading into the earnings with with analyst price target of $88.7, compared to share price of $65.8.
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The author has no position in any of the stocks mentioned.
