What's Going On With Dave & Buster's Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares are trading lower after the company reported worse-than-expected first-quarter financial results. The company missed both sales and earnings estimates, leading to a decrease in stock price. Despite this, analysts maintain a generally positive outlook with adjusted price targets.
June 13, 2024 | 4:44 pm
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Dave & Buster's reported Q1 sales of $588.1 million, missing the $621.26 million estimate. Earnings per share were $1.12, below the $1.70 estimate. The stock is down 9.68% following the report. Analysts have adjusted price targets but maintain a generally positive outlook.
The company's financial results missed both sales and earnings estimates, leading to a significant drop in stock price. Despite this, analysts have adjusted their price targets but still maintain a generally positive outlook, indicating potential for future recovery.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100