Darden Restaurants Q4 Earnings Preview
On Thursday, June 20, Darden Restaurants (NYSE: DRI) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Sell-side analysts expect Darden Restaurants's EPS to be near $1.72 on sales of $2.24 billion.
The analyst consensus estimate would represent a 23.74 percent increase in the company's EPS figure. Revenue would be up 4.97 percent from the year-ago period. Darden Restaurants's reported EPS has stacked up against analyst estimates in the past like this:
|Quarter||Q3 2019||Q2 2019||Q1 2019||Q4 2018|
Shares of Darden Restaurants were trading at $117.93 as of June 18. Over the last 52-week period, shares are up 25.03 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Darden Restaurants. The strength of this rating has maintained conviction over the past three months.
Darden Restaurants is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: https://www.webcaster4.com/Webcast/Page/1007/30658