🚀 ProPicks AI Hits +34.9% Return!Read Now

Domino's Pizza Analysts Cut Their Forecasts After Q3 Results

Published 13/10/2023, 14:55
© Reuters.  Domino's Pizza Analysts Cut Their Forecasts After Q3 Results
DPZ
-

Benzinga - by Lisa Levin, Benzinga Editor.

Domino's Pizza Inc (NYSE: DPZ) reported better-than-expected third-quarter earnings results.

Domino's Pizza reported a third-quarter FY23 sales decline of 3.9% year-on-year to $1.03 billion, missing the analyst consensus of $1.05 billion. EPS of $4.18 beat the analyst consensus estimate of $3.30.

The company expects FY23 global retail sales growth, excluding foreign currency impact, to trend modestly below the mid-point of its 4% to 8% two -to three-year outlook.

Domino's shares gained 2.1% to trade at $357.42 on Friday.

These analysts made changes to their price targets on Domino's Pizza following earnings announcement.

  • Citigroup lowered the price target on Domino's Pizza from $398 to $396. Citigroup analyst Jon Tower maintained a Neutral rating.
  • RBC Capital cut the price target on Domino's Pizza from $460 to $455. RBC Capital analyst Christopher Carill maintained an Outperform rating.
  • Wedbush analyst Nick Setyan, meanwhile, reiterated Domino's with an Outperform and maintained a $445 price target.
  • Stephens & Co. analyst Joshua Long reiterated the stock with an Equal-Weight and maintained a $365 price target.

Check This Out: Top 5 Tech And Telecom Stocks That May Explode This Month

Latest Ratings for DPZ

DateFirmActionFromTo
Mar 2022Loop CapitalDowngradesBuyHold
Mar 2022GuggenheimMaintainsNeutral
Mar 2022CitigroupMaintainsNeutral
View More Analyst Ratings for DPZ

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.