Stock Story -
Fast-food pizza chain Papa John’s (NASDAQ:PZZA) will be reporting earnings tomorrow before the bell. Here's what you need to know.
Papa John's (NASDAQ:PZZA) missed analysts' revenue expectations by 1.2% last quarter, reporting revenues of $571.3 million, up 8.6% year on year. It was a strong quarter for the company, with a solid beat of analysts' earnings estimates.
Is Papa John's a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Papa John's revenue to grow 3.1% year on year to $543.1 million, a reversal from the 2.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Papa John's has missed Wall Street's revenue estimates six times over the last two years.
Looking at Papa John's peers in the traditional fast food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Yum! Brands (NYSE:YUM)'s revenues decreased 2.9% year on year, missing analysts' expectations by 6.6%, and Portillo's (NASDAQ:PTLO) reported revenues up 6.3%, falling short of estimates by 5.2%. Yum! Brands traded down 4.4% following the results.
Read the full analysis of Yum! Brands's and Portillo's results on StockStory.
Investors in the traditional fast food segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Papa John's is down 8.3% during the same time and is heading into earnings with an average analyst price target of $78.1 (compared to the current share price of $58.94).
