Darden Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Darden Restaurants, Inc. (NYSE:DRI) is expected to release its fiscal 2024 Q2 earnings on Dec. 15, 2023, with analysts predicting an EPS of $1.73, up from $1.52 the previous year, and revenue of $2.74 billion. The stock closed down 0.4% at $160.80 before the announcement. Keybanc, Evercore ISI Group, Barclays, Deutsche Bank, and Raymond James analysts have provided ratings and price targets for DRI, with various adjustments made recently.
December 15, 2023 | 5:57 am
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Analysts predict Darden Restaurants to post higher Q2 earnings with an EPS of $1.73 and revenue of $2.74 billion. Recent analyst ratings and price target adjustments may influence investor expectations.
The anticipation of higher earnings typically has a positive impact on a company's stock price in the short term. The recent analyst ratings, especially the ones with high accuracy rates, suggest a positive outlook for DRI, which could lead to an increase in investor confidence and potentially drive the stock price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100