DRI Stock Forecast: Chance of surge after earnings report?

DRI Stock Forecast: Chance of surge after earnings report?

DRI Stock Forecast: The stock is expected to trade between $110 and $116.6 The overall recommendation is Buy.

DRI Stock Forecast: Latest Price

DRI Stock Forecast: Performance Chart

Stock Name5 Days1 Month6 Months1 Year
DRI2%0.7%-23.1%-17.3%

DRI Stock Forecast: Latest Tweet

FIRED Up Wealth on Twitter: “Darden Restaurants $DRI – The parent of Olive Garden and other restaurant chains reported better-than-expected profit and revenue for its latest quarter. It also increased its quarterly dividend by 10% and authorized a new $1 billion share repurchase program. Darden added 3.4% / Twitter”

Darden Restaurants $DRI – The parent of Olive Garden and other restaurant chains reported better-than-expected profit and revenue for its latest quarter. It also increased its quarterly dividend by 10% and authorized a new $1 billion share repurchase program. Darden added 3.4%

DRI Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookPositive
Market Data
Market CapHigher
TechnicalBuy
Trading VolumeHigher
Crowd’s Wisdom
Google Search VolumeHigher
Social Media SentimentPositive

Also Read: MULN Stock Forecast 2022

DRI Stock Forecast: Q4 Earnings Summary

AmountNote
Total Sales$2.6B+14.2% (2.3% surprise)
Earnings Per Share$2.21.4% Surprise

An increase in Revenue, as well as earnings per share, was reported this quarter as compared to the previous year’s estimates. In the previous quarter, it had reported a surprise of -7.7%. Till now, this year, the shares have lost 17.3%. This earnings call might have a positive impact as per the dividend, earnings call, and management commentary. There was a rise in operating expenses due to increasing costs of beverages and some ingredients. Yet, they were able to perform well – showing growth in revenue. This stock is still underperforming in the market.

DRI Stock: Latest Video

YouTube video

DRI Stock Forecast: Upcoming Quarter

DRI managed to beat earnings estimates and increased revenues for the current quarter. After reporting the Q4 earnings, Darden Stock was advancing, this could be seen as an increase in momentum. To add on to this, the board authorized a program for share repurchase of $1B. They also declared a dividend of $1.21 per share, a 10% increase in dividend Q-on-Q. This might help to drive up the stock price in the coming quarter. The business has not yet reached the pre-pandemic era but investors seem optimistic because Darden as well as peers reported a demand growth.

However, currently, the stock is underperforming and has received a Zacks rating of “4” i.e. sell. The current financial health might not be able to overcome this for some time. The technical analysis suggests “buy” but those who are into value investing should look forward to 2023 financial reports.

DRI Stock Forecast: Google Trends

DRI Stock Forecast: Technical Analysis

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

dri stock forecast

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