This Domino's Pizza Analyst Cuts Forecasts Ahead Of Q3 Results
Portfolio Pulse from Priya Nigam
Domino's Pizza (NYSE:DPZ) shares fell as analysts cut forecasts ahead of Q3 results. Piper Sandler expects domestic same-store sales growth to miss estimates, leading to a reduced price target. Despite challenges, Domino's is outperforming peers.
October 07, 2024 | 2:54 pm
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Domino's Pizza shares declined as analysts cut forecasts ahead of Q3 results. Piper Sandler expects domestic SSS growth to miss estimates, leading to a reduced price target. Despite challenges, Domino's is outperforming peers.
The reduction in price target and earnings estimates by analysts, along with expectations of missing SSS growth estimates, suggest a negative short-term impact on DPZ stock. However, the company's strong performance relative to peers provides some support.
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