Del Taco Restaurants, Inc. TACO is scheduled to report third-quarter 2020 results on Oct 15, after the closing bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 100%. Further, it has a trailing four-quarter earnings surprise of 30.4%, on average.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 10 cents, flat year over year. Over the past seven days, earnings estimates have been revised upward by a penny. The consensus mark for quarterly revenues stands at $120.4 million, suggesting an improvement of 0.1% from the prior-year quarter.
Factors to Note
The company’s results in the quarter are likely to reflect robust off-premise sales. Moreover, sequential improvements in comparable restaurant sales at both company-operated and franchised restaurants are likely to have benefited the company’s performance in the quarter to be reported. Recently, the company reported preliminary results wherein system-wide comparable restaurant sales rose 4.1%, with positive trends being witnessed at company-operated (2%) and franchised restaurants (6.5%).
Del Taco Restaurants, Inc. Price and EPS Surprise
Del Taco Restaurants, Inc. price-eps-surprise | Del Taco Restaurants, Inc. Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Del Taco this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Del Taco Restaurants has a Zacks Rank #1 and an Earnings ESP of 0.00%, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat Earnings Estimates
Here are some stocks worth considering from the Zacks Retail-Wholesale space as our model shows that these have the right combination of elements to beat on earnings this season:
Brinker International, Inc. EAT currently has a Zacks Rank of 1 and an Earnings ESP of +65.43%.
The Cheesecake Factory Incorporated CAKE has a Zacks Rank #3 and an Earnings ESP of +28.45%.
Starbucks Corporation SBUX has a Zacks Rank of 2 and an Earnings ESP of +4.72%.
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Del Taco Restaurants, Inc. (TACO) : Free Stock Analysis Report
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