Market Overview

Earnings Preview: Darden Restaurants

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Darden Restaurants (NYSE: DRI) releases its next round of earnings this Thursday, September 24. Get the latest predictions in Benzinga's essential guide to the company's Q1 earnings report.

Earnings and Revenue

Analysts covering Darden Restaurants modeled for quarterly EPS of $0.05 on revenue of $1.56 billion. Darden Restaurants EPS in the same period a year ago totaled $1.38. Revenue was $2.13 billion. If the company were to match the consensus estimate when it reports Thursday, EPS would have fallen 96.38%. Darden Restaurants's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q4 2020 Q3 2020 Q2 2019 Q1 2019
EPS Estimate -1.71 1.88 1.07 1.36
EPS Actual -1.24 1.90 1.12 1.38
Revenue Estimate 1.24 B 2.32 B 2.06 B 2.14 B
Revenue Actual 1.27 B 2.35 B 2.06 B 2.13 B

Stock Performance

Over the last 52-week period, shares are down 21.45%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Darden Restaurants is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/1007/36843

 

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Posted-In: Earnings