Domino's Pizza Analysts Cut Their Forecasts After Q3 Results
Portfolio Pulse from Lisa Levin
Domino's Pizza Inc (NYSE:DPZ) reported Q3 FY23 sales decline of 3.9% YoY to $1.03 billion, missing the analyst consensus of $1.05 billion. However, EPS of $4.18 beat the analyst consensus estimate of $3.30. The company expects FY23 global retail sales growth to trend modestly below the mid-point of its 4% to 8% two-to-three-year outlook. Following the earnings announcement, several analysts adjusted their price targets on Domino's Pizza.
October 13, 2023 | 1:55 pm
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Domino's Pizza reported a sales decline but beat EPS estimates in Q3 FY23. Analysts have adjusted their price targets following the earnings announcement.
Domino's Pizza's Q3 sales missed analyst expectations, which could negatively impact investor sentiment. However, the company beat EPS estimates, which is a positive sign. The mixed results and subsequent adjustments of price targets by analysts suggest a neutral short-term impact on the stock.
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