Domino's Pizza Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Domino's Pizza, Inc. (NYSE:DPZ) is anticipated to report higher Q1 earnings on April 29, 2024, with expected earnings of $3.39 per share compared to $2.93 the previous year, and projected revenue of $1.08 billion, up from $1.02 billion. Following a report of better-than-expected Q4 earnings, an increased dividend, and an additional stock buyback, DPZ shares rose 0.9%. Analysts from Wedbush, UBS, TD Cowen, Citigroup, and Piper Sandler have provided ratings and adjusted price targets, reflecting a positive outlook on DPZ's performance.
April 29, 2024 | 6:02 am
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Domino's Pizza is expected to report increased Q1 earnings and revenue, with positive adjustments from analysts and a recent stock price rise following Q4 earnings, dividend increase, and stock buyback announcement.
The anticipation of higher Q1 earnings and revenue for Domino's Pizza, coupled with positive analyst ratings and recent financial maneuvers such as dividend increases and stock buybacks, suggests a strong short-term bullish impact on DPZ's stock price. Analysts' high accuracy rates and upward adjustments in price targets further support this positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100