Yum! Brands Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Yum! Brands, Inc. (NYSE:YUM) is expected to report lower Q2 earnings on Aug. 6, 2024, with EPS projected at $1.33, down from $1.41 last year. Revenue is expected to rise slightly to $1.8 billion. Recent analyst ratings include downgrades and reduced price targets from Stifel, Morgan Stanley, Deutsche Bank, and Evercore ISI Group. JP Morgan increased its price target. Yum! Brands declared a quarterly dividend of 67 cents per share and authorized up to $2.0 billion in share repurchases.
August 06, 2024 | 6:12 am
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Yum! Brands is expected to report lower Q2 earnings with EPS projected at $1.33, down from $1.41 last year. Revenue is expected to rise slightly to $1.8 billion. Analysts have downgraded ratings and reduced price targets. The company declared a quarterly dividend of 67 cents per share and authorized up to $2.0 billion in share repurchases.
The expected lower earnings per share (EPS) and the series of analyst downgrades and reduced price targets suggest a negative short-term impact on Yum! Brands' stock price. However, the slight increase in revenue and the dividend declaration, along with the share repurchase authorization, may provide some support.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100