Dave & Buster's (PLAY) closed the most recent trading day at $49.65, moving +1.45% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.05%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.3%.
Prior to today's trading, shares of the owner of Dave & Buster's, a chain of restaurants and arcades had gained 2.62% over the past month. This has lagged the Retail-Wholesale sector's gain of 4.01% and the S&P 500's gain of 3.08% in that time.
Wall Street will be looking for positivity from PLAY as it approaches its nex t earnings report date. On that day, PLAY is projected to report earnings of $1.12 per share, which would represent year-over-year growth of 7.69%. Our most recent consensus estimate is calling for quarterly revenue of $369.47 million, up 11.22% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.06 per share and revenue of $1.39 billion. These totals would mark changes of +4.44% and +10.16%, respectively, from last year.
Any recent changes to analyst estimates for PLAY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.63% higher. PLAY is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that PLAY has a Forward P/E ratio of 15.98 right now. For comparison, its industry has an average Forward P/E of 21.92, which means PLAY is trading at a discount to the group.
Investors should also note that PLAY has a PEG ratio of 1.08 right now. 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. The Retail - Restaurants was holding an average PEG ratio of 2.02 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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