On Thursday, June 20, Darden Restaurants DRI will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Sell-side analysts expect Darden Restaurants's EPS to be near $1.72 on sales of $2.24 billion.
The analyst consensus estimate would represent a 23.74 percent increase in the company's EPS figure. Revenue would be up 4.97 percent from the year-ago period. Darden Restaurants's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 1.74 | 0.91 | 1.24 | 1.35 |
| EPS Actual | 1.8 | 0.92 | 1.34 | 1.39 |
Stock Performance
Shares of Darden Restaurants were trading at $117.93 as of June 18. Over the last 52-week period, shares are up 25.03 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Darden Restaurants. The strength of this rating has maintained conviction over the past three months.
Conference Call
Darden Restaurants is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: https://www.webcaster4.com/Webcast/Page/1007/30658
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
