DRI Stock Forecast: Chance of surge after earnings report?
DRI Stock Forecast: Latest Price
DRI Stock Forecast: Performance Chart
|Stock Name||5 Days||1 Month||6 Months||1 Year|
DRI Stock Forecast: Latest Tweet
DRI Stock Forecast: Today’s Outlook
|Google Search Volume||Higher|
|Social Media Sentiment||Positive|
Also Read: MULN Stock Forecast 2022
DRI Stock Forecast: Q4 Earnings Summary
|Total Sales||$2.6B||+14.2% (2.3% surprise)|
|Earnings Per Share||$2.2||1.4% 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
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
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