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DRI is set to give its latest quarterly earnings report on Thursday , 2021-09-23. Here's what investors need to know before the announcement.
Analysts estimate that Darden Restaurants will likely report an Earnings Per Share (EPS) of $1.63
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Darden Restaurants bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat on EPS by $13.41, which was followed by a 3.05 increase in the share price the next day.
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Here's a look at Darden Restaurants's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.79 | 0.69 | 0.71 | 0.05 |
| EPS Actual | 2.03 | 0.98 | 0.74 | 0.56 |
| Revenue Estimate | 2.19 B | 1.63 B | 1.68 B | 1.56 B |
| Revenue Actual | 2.28 B | 1.73 B | 1.66 B | 1.53 B |
Stock Performance
Shares of Darden Restaurants were trading at $146.51 as of September 21. Over the last 52-week period, shares are up 52.58%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.