Darden Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Darden Restaurants, Inc. DRI is projected to release financial results for its fiscal 2024 second quarter, before the opening bell on Dec. 15, 2023.

Analysts expect the company to post quarterly earnings at $1.73 per share, up from year-ago earnings of $1.52 per share. The company’s revenue might come in at $2.74 billion for the latest quarter, according to Benzinga Pro.

Darden Restaurants, during September, reported better-than-expected earnings for its first quarter.

Darden Restaurants shares rose 0.4% to close at $163.09 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Eric Gonzalez maintained an Overweight rating and raised the price target from $175 to $177 on Dec. 13, 2023. This analyst has an accuracy rate of 85%.
• Evercore ISI Group analyst David Palmer maintained an In-Line rating and increased the price target from $160 to $170 on Dec. 12, 2023. This analyst has an accuracy rate of 63%.
• Barclays analyst Jeffrey Bernstein maintained an Overweight rating and cut the price target from $175 to $165 on Oct. 23, 2023. This analyst has an accuracy rate of 68%.
• Deutsche Bank analyst Brian Mullan initiated coverage on the stock with a Buy rating and a price target of $159 on Oct. 19, 2023. This analyst has an accuracy rate of 84%.
• Raymond James analyst Brian Vaccaro maintained an Outperform rating and cut the price target from $165 to $155 on Oct. 18, 2023. This analyst has an accuracy rate of 81%.

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