Financial News

Dave & Buster's (PLAY) Q2 Earnings: What To Expect

PLAY Cover Image

Arcade company Dave & Buster’s (NASDAQ: PLAY) will be announcing earnings results this Monday afternoon. Here’s what you need to know.

Dave & Buster's met analysts’ revenue expectations last quarter, reporting revenues of $567.7 million, down 3.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ same-store sales estimates.

Is Dave & Buster's a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Dave & Buster’s revenue to grow 1% year on year to $562.7 million, slowing from the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 per share.

Dave & Buster's Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 9 analysts).

Looking at Dave & Buster’s peers in the leisure facilities segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AMC Entertainment delivered year-on-year revenue growth of 35.6%, beating analysts’ expectations by 3.1%, and Live Nation reported revenues up 16.3%, topping estimates by 3.4%. AMC Entertainment traded up 4.6% following the results while Live Nation was also up 3%.

Read our full analysis of AMC Entertainment’s results here and Live Nation’s results here.

There has been positive sentiment among investors in the leisure facilities segment, with share prices up 7.6% on average over the last month. Dave & Buster's is down 7.4% during the same time and is heading into earnings with an average analyst price target of $32.71 (compared to the current share price of $23.70).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback