Domino’s Pizza (NYSE:DPZ) Exec Says Expect 2024 U.S. Comp Sales To Be Above 3% Long-Term Guide
Domino’s Pizza (NYSE:DPZ) Exec Says Expect 2024 U.S. Comp Sales To Be Above 3% Long-Term Guide, Due To Expected Outsized Catalysts In Uber And Loyalty。
Consumer Discretionary
CFRA Maintains Hold Opinion On Shares Of Domino’s Pizza, Inc. (NYSE:DPZ)
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $483 from $370, 30.6x our 2024 EPS estimate, above DPZ’s five-year average forward P/E of 28.8x, reflecting better revenue growth prospects. We raise our 2024 EPS to $15.76 from $15.69 and set 2025’s at $17.58. DPZ posted Q4 EPS of $4.48 (+1.1% Y/Y), $0.08 above consensus. Revenue of $1,403M (+0.8% Y/Y) was $18M below consensus. Operating income increased 3.4% Y/Y to $257M vs. the $253M consensus, with margin widening 46 bps Y/Y to 18.3%. Same-store sales rose in the U.S. by 2.8%, but only increased 0.1% (ex-FX) internationally vs. the 3.3% consensus. In the U.S., DPZ saw growth in both carry-out and delivery transactions, while international closures, mainly in Russia and Brazil, weighed on revenue. DPZ also raised its dividend by
CFRA Maintains Hold Opinion On Shares Of Domino’s Pizza, Inc. (NYSE:DPZ) Read Post »
Warner Bros. Discovery (NASDAQ:WBD) Still Faces Challenges, Recover Possible, Timing Uncertain, BofA Says
Warner Bros. Discovery (WBD) continues to face challenges on multiple fronts as reflected by the recently concluded Q4, BofA Securities wrote in a note on Monday. Warner Bros Discovery late last week reported a $0.16 per share net loss for the three months ended Dec. 31, improving from a loss of $0.86 a year-ago, but still lagging the analyst consensus by $0.10. Revenue declined to $10.28 billion, also trailing the $10.42 billion estimate. The most recent quarter was riddled with challenges from a decline in the linear broadcast TV to advertisements and various strikes. BofA analysts said a variety of factors may help the company improve, including a recovering ad market and if cord-cutting hits a plateau. Internal components like increased licensing of its content and an improved film slate, among others, could also act as tailwinds. However, the company is not certain when this recovery will occur, the investment
Target Conservative Guidance Could Provide Opportunity
Target is expected to report 4Q results next week, and Oppenheimer analysts say they see more conservative guidance in 2024, which could potentially trigger selling in the stock. They recommend taking advantage of any weakness following Target’s more than 40% rally off the October lows. They say Target remains a top Oppenheimer pick and reiterate their outperform rating while raising the price target to $170 from $160. The stock sinks 1% to $150.33.
Target Conservative Guidance Could Provide Opportunity Read Post »
Domino’s Pizza’s (NYSE:DPZ) Q4 2023 Earnings Conference
The following is a summary of the Domino’s Pizza, Inc. (DPZ) Q4 2023 Earnings Call Transcript: Financial Performance: Domino’s reported positive U.S. same-store sales and transaction growth in both delivery and carryout in Q4. The company added 168 net new stores in 2023, surpassing expectations and increasing estimated average franchisee profitability per store to $162,000. Q4 global retail sales grew 4.9%, driven by positive U.S. comps and global store growth. Domino’s saw a decline of 1.6 percentage points in the U.S. company-owned store gross margin in Q4 Q4 income from operations increased by $8.4 million or 3.4%, and was up approximately 10% for the full year. The Company increased its dividend by 25% and share repurchase authorization by $1 billion. Business Progress: Domino’s grew their rewards program by 3 million active members in 2023, reaching approximately 33 million active members by the end of the year. The company executed its
Domino’s Pizza’s (NYSE:DPZ) Q4 2023 Earnings Conference Read Post »
Home Depot Shares’ Upside Potential Seen Limited, RBC Says
Home Depot (HD.US) shares offer limited upside potential as investors have already factored in the prospect of lower interest rates and a recovery in the housing market, RBC Capital Markets said in a note. Noting that it will be looking for a “more attractive entry point,” the firm said the company’s current share price embeds comparable sales growth of flat to low single digits for 2024 and low- to- mid-single digits in 2025 against Home Depot’s own 2024 guidance of a 1% decline. RBC is also now estimating a 1% decline in comparable sales, widening from a 0.3% decline previously, but raised its earnings per share estimate to $15.33 from $15.32 to account for an increase in gross margin. RBC Capital maintained its sector perform rating on the stock while raising its price target to $377 from $299.
Home Depot Shares’ Upside Potential Seen Limited, RBC Says Read Post »
Target Likely to Report ‘Mid-Single-Digit Comp Decline’ in Q4 Results, Oppenheimer Says
Target (TGT) is likely to report a “mid-single-digit comp decline,” in its upcoming Q4 results, Oppenheimer said in a note in a note to clients Monday. However, EPS is now projected above the midpoint of Q4 guidance, the note said. Target is expected to report earnings this week. For 2024, Oppenheimer says management may introduce conservative guidance bracketing its $8.75 EPS estimate. Additionally, there is a possibility that the management might provide updates on “intermediate-term operating margin targets.” “We continue to see a path to a nearly 6% operating margin and $10+ in earnings by FY25,” Oppenheimer said. “Following a more than 40% rally off the October lows, we would be positioned to take advantage of any weakness with a likely conservative guide,” it added. Oppenheimer raised Target’s price target to $170 from $160 while keeping its outperform rating, citing the company as a top pick.
Target Likely to Report ‘Mid-Single-Digit Comp Decline’ in Q4 Results, Oppenheimer Says Read Post »
Target May Guide Conservatively Following In-Line Fourth-Quarter Earnings, Oppenheimer Says
Target (TGT) is on track to report fiscal fourth-quarter earnings largely in line with expectations, while management may guide conservatively next week, Oppenheimer said on Monday. The brokerage raised its price target on the stock to $170 from $160, saying the outperform-rated retail chain continues to be a top pick. “Following a more than 40% rally off the October lows, we would be positioned to take advantage of any weakness with a likely conservative guide,” Oppenheimer analysts including Rupesh Parikh and Erica Eiler wrote. They raised its fourth-quarter earnings per share target to $2.40 — a penny above consensus — from a prior view of $1.90 on a stronger gross margin expansion. Target’s fourth quarter closed at the end of January, with the results due out March 5. Oppenheimer continues to model for a 5% decline in comparable sales, which is worse than the 4.5% drop market view. Grocery stores
CFRA Keeps Buy Opinion On Shares Of Walmart Inc.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: WMT shares began trading at a 3-for-1 split-adjusted price today. Accordingly, we adjust our 12-month target to $65 from $195, 27x our FY 2025 EPS view (adjusted to $2.41 from $7.23; FY 2026 adjusted to $2.60 from $7.79). Many things are working for WMT right now. In-store sales are strong as consumers are shopping for lower-priced groceries more frequently (store remodels are also lifting traffic). WMT is gaining share with upper-income households, which is helping grow its subscription program (Walmart+). Online sales are strong, as global e-commerce sales exceeded $100 billion in FY 2023, up from $82 billion in FY 2022. The growth in online sales is fueling WMT’s higher-margin ad business (global ad sales were $3.4 billion in FY 2023, up from $2.7 billion a year
CFRA Keeps Buy Opinion On Shares Of Walmart Inc. Read Post »
CFRA Lowers Rating To Hold From Buy On Shares Of Warner Bros. Discovery, Inc. (NASDAQ:WBD)
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We got this wrong as the transformation of WBD is likely to take longer with progress more visible later this year and into 2025. We are lowering our target by $3 to $11 using a forward TEV/EBITDA of 6.4x, below the direct peer average. We reduce our 2024 LPS estimate to -$0.50 from EPS of $0.10 and start 2025’s EPS at $0.15, forecasting total revenue of $41.6B in 2024 and $42.5B in 2025 compared to $41.2B in 2023. WBD posted a Q4 2023 LPS of -$0.16 and total revenue of $10.3B, both missing consensus estimates. Our EBITDA estimate is $10.5B in 2024 and $10.8B in 2025. Direct to consumer (DTC) reported -$55M adj. EBITDA and +3% revenue growth with 51% higher advertising. DTC net adds were up
Domino’s Pizza’s (NYSE:DPZ) Earnings: A Preview
Domino’s Pizza (NYSE:DPZ) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here’s what investors need to know before the announcement. Analysts estimate that Domino’s Pizza will report an earnings per share (EPS) of $4.37. Domino’s Pizza bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
Domino’s Pizza’s (NYSE:DPZ) Earnings: A Preview Read Post »
Warner Bros Discovery Inc (NASDAQ:WBD) Q4 2023 Earnings Conference
The following is a summary of the Warner Bros. Discovery, Inc. (WBD) Q4 2023 Earnings Call Transcript: Financial Performance: Warner Bros. Discovery reduced its debt by $5.4 billion in the year to stand at 3.9 times levered, continuing its plan to de-lever in 2024. Generated meaningful free cash flow ending the year at $6.2 billion, exceeding its goal, with improved free cash flow for Q1 compared to the previous year. Achieved a 12% year-on-year growth in EBITDA, despite industry-wide challenges. Total combined merger and transformation savings now stand at $4 billion. The D2C segment generated a positive EBITDA of about $100 million, reflecting a $2.2 billion improvement year-over-year. Focused on continued debt repayment, capital efficiency, and driving shareholder value with a long-term gross leverage target of 2.5x to 3x. Business Progress: Warner Bros. Discovery has been focusing on digital and advanced advertising solutions, noting strong international network performance, particularly in
Warner Bros Discovery Inc (NASDAQ:WBD) Q4 2023 Earnings Conference Read Post »