We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wingstop (WING) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
Wingstop (WING - Free Report) closed the latest trading day at $373.56, indicating a -1.15% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.04%.
Shares of the restaurant chain have depreciated by 8.43% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 3.68% and the S&P 500's gain of 3.77%.
The upcoming earnings release of Wingstop will be of great interest to investors. The company's earnings report is expected on October 30, 2024. The company is forecasted to report an EPS of $0.97, showcasing a 40.58% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $161.85 million, up 38.22% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.79 per share and revenue of $628.07 million. These totals would mark changes of +52.82% and +36.52%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.34% higher. Currently, Wingstop is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Wingstop is holding a Forward P/E ratio of 99.65. This valuation marks a premium compared to its industry's average Forward P/E of 23.63.
Meanwhile, WING's PEG ratio is currently 3.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Restaurants stocks are, on average, holding a PEG ratio of 2.14 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 105, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wingstop (WING) Falls More Steeply Than Broader Market: What Investors Need to Know
Wingstop (WING - Free Report) closed the latest trading day at $373.56, indicating a -1.15% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.04%.
Shares of the restaurant chain have depreciated by 8.43% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 3.68% and the S&P 500's gain of 3.77%.
The upcoming earnings release of Wingstop will be of great interest to investors. The company's earnings report is expected on October 30, 2024. The company is forecasted to report an EPS of $0.97, showcasing a 40.58% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $161.85 million, up 38.22% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.79 per share and revenue of $628.07 million. These totals would mark changes of +52.82% and +36.52%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.34% higher. Currently, Wingstop is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Wingstop is holding a Forward P/E ratio of 99.65. This valuation marks a premium compared to its industry's average Forward P/E of 23.63.
Meanwhile, WING's PEG ratio is currently 3.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Restaurants stocks are, on average, holding a PEG ratio of 2.14 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 105, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.