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Earnings To Watch: Wingstop (WING) Reports Q2 Results Tomorrow

WING Cover Image

Fast-food chain Wingstop (NASDAQ:WING) will be reporting results this Wednesday before the bell. Here’s what investors should know.

Wingstop met analysts’ revenue expectations last quarter, reporting revenues of $171.1 million, up 17.4% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a slight miss of analysts’ same-store sales estimates.

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

This quarter, analysts are expecting Wingstop’s revenue to grow 11.4% year on year to $173.4 million, slowing from the 45.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.

Wingstop Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 8 downward revisions over the last 30 days (we track 19 analysts). Wingstop has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.6% on average.

Looking at Wingstop’s peers in the restaurants segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Chipotle delivered year-on-year revenue growth of 3%, missing analysts’ expectations by 1.5%, and Kura Sushi reported revenues up 17.3%, topping estimates by 2.5%. Chipotle traded down 13.4% following the results while Kura Sushi was also down 11.8%.

Read our full analysis of Chipotle’s results here and Kura Sushi’s results here.

Investors in the restaurants segment have had steady hands going into earnings, with share prices flat over the last month. Wingstop is down 13.7% during the same time and is heading into earnings with an average analyst price target of $357.64 (compared to the current share price of $290.50).

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