Wingstop (WING) Stock Moves -4.61%: What You Should Know
Wingstop (WING) closed the most recent trading day at $102.38, moving -4.61% from the previous trading session. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
The stock of restaurant chain has fallen by 8.14% in the past month, lagging the Retail-Wholesale sector's loss of 3.54% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Wingstop in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.05, showcasing a 3.67% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $194.94 million, indicating a 10.93% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.5 per share and revenue of $766.07 million, indicating changes of +10.29% and +9.93%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Wingstop. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 past month, there's been a 0.2% fall in the Zacks Consensus EPS estimate. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Wingstop currently has a Forward P/E ratio of 23.88. Its industry sports an average Forward P/E of 21.04, so one might conclude that Wingstop is trading at a premium comparatively.
We can additionally observe that WING currently boasts a PEG ratio of 1.28. 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 average PEG ratio for the Retail - Restaurants industry stood at 1.7 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 175, positioning it in the bottom 29% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
