Darden Restaurants's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Darden Restaurants (NYSE:DRI) is scheduled to release its quarterly earnings report on Friday, 2023-12-15. Analysts predict an EPS of $1.73. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DRI's stock price has shown mixed reactions to earnings reports, with slight drops and increases in share price following past announcements. Shares are currently trading at $162.46, up 16.13% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 14, 2023 | 2:00 pm
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Darden Restaurants is expected to report an EPS of $1.73 for the upcoming earnings release. Historical data shows mixed stock price reactions post-earnings, with a slight drop after the last report. Shares are up 16.13% YTD, reflecting a positive long-term sentiment.
The expected EPS of $1.73 sets a benchmark for Darden Restaurants' performance. Historical trends show that the stock price could move in either direction post-earnings, but the overall positive long-term trend may cushion any negative short-term impact. The importance is high as earnings are a significant driver of stock price, but the confidence is not at 100 due to the unpredictability of market reactions to earnings reports.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100