Financial News
What To Expect From Dine Brands’s (DIN) Q3 Earnings
Casual restaurant chain Dine Brands (NYSE:DIN) will be reporting results tomorrow before market open. Here’s what to look for.
Dine Brands missed analysts’ revenue expectations by 2% last quarter, reporting revenues of $206.3 million, down 1% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is Dine Brands a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dine Brands’s revenue to decline 2.1% year on year to $198.4 million, improving from the 13.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.34 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 8 analysts). Dine Brands has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Dine Brands’s peers in the sit-down dining segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Brinker International delivered year-on-year revenue growth of 12.5%, beating analysts’ expectations by 3.4%, and The Cheesecake Factory reported revenues up 4.2%, in line with consensus estimates. Brinker International’s stock price was unchanged after the results, and The Cheesecake Factory’s price followed a similar reaction.
Read our full analysis of Brinker International’s results here and The Cheesecake Factory’s results here.
There has been positive sentiment among investors in the sit-down dining segment, with share prices up 4.7% on average over the last month. Dine Brands’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $42 (compared to the current share price of $30.50).
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