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Wingstop (WING) Stock Slides as Market Rises: Facts to Know Before You Trade
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Wingstop (WING - Free Report) closed at $370.69 in the latest trading session, marking a -0.77% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%.
Coming into today, shares of the restaurant chain had lost 11.38% in the past month. In that same time, the Retail-Wholesale sector gained 3.32%, while the S&P 500 gained 3.76%.
Analysts and investors alike will be keeping a close eye on the performance of Wingstop in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2024. The company is expected to report EPS of $0.97, up 40.58% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $161.85 million, up 38.22% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $3.79 per share and a revenue of $628.07 million, demonstrating changes of +52.82% and +36.52%, respectively, from the preceding 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. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.34% increase. Wingstop is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Wingstop has a Forward P/E ratio of 98.51 right now. This indicates a premium in contrast to its industry's Forward P/E of 23.88.
Also, we should mention that WING has a PEG ratio of 3.72. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 2.12.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WING in the coming trading sessions, be sure to utilize Zacks.com.
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Wingstop (WING) Stock Slides as Market Rises: Facts to Know Before You Trade
Wingstop (WING - Free Report) closed at $370.69 in the latest trading session, marking a -0.77% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%.
Coming into today, shares of the restaurant chain had lost 11.38% in the past month. In that same time, the Retail-Wholesale sector gained 3.32%, while the S&P 500 gained 3.76%.
Analysts and investors alike will be keeping a close eye on the performance of Wingstop in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2024. The company is expected to report EPS of $0.97, up 40.58% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $161.85 million, up 38.22% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $3.79 per share and a revenue of $628.07 million, demonstrating changes of +52.82% and +36.52%, respectively, from the preceding 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. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.34% increase. Wingstop is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Wingstop has a Forward P/E ratio of 98.51 right now. This indicates a premium in contrast to its industry's Forward P/E of 23.88.
Also, we should mention that WING has a PEG ratio of 3.72. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 2.12.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WING in the coming trading sessions, be sure to utilize Zacks.com.