Domino's Pizza Analysts Boost Their Forecasts After Q2 Earnings
Portfolio Pulse from Lisa Levin
Domino's Pizza Inc (NYSE:DPZ) reported Q2 FY23 sales of $1.02 billion, a 3.8% YoY decline, missing the analyst consensus of $1.07 billion. However, its EPS of $3.08 beat the analyst consensus of $3.05. Following the earnings announcement, several analysts including Wedbush, TD Cowen, Barclays, and Citigroup raised their price targets on Domino's Pizza.
July 25, 2023 | 10:38 am
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POSITIVE IMPACT
Domino's Pizza reported a YoY sales decline in Q2 FY23 but beat EPS expectations. Several analysts raised their price targets on the company following the earnings announcement.
Despite a YoY sales decline, Domino's Pizza beat EPS expectations, which is a positive signal for investors. The raised price targets by several analysts further indicate a positive outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100