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Factors Setting the Tone for Del Taco's (DEL) Q3 Earnings
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Del Taco Restaurants, Inc. is scheduled to report third-quarter 2020 results on Oct 15, after the closing bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 100%. Further, it has a trailing four-quarter earnings surprise of 30.4%, on average.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 10 cents, flat year over year. Over the past seven days, earnings estimates have been revised upward by a penny. The consensus mark for quarterly revenues stands at $120.4 million, suggesting an improvement of 0.1% from the prior-year quarter.
Factors to Note
The company’s results in the quarter are likely to reflect robust off-premise sales. Moreover, sequential improvements in comparable restaurant sales at both company-operated and franchised restaurants are likely to have benefited the company’s performance in the quarter to be reported. Recently, the company reported preliminary results wherein system-wide comparable restaurant sales rose 4.1%, with positive trends being witnessed at company-operated (2%) and franchised restaurants (6.5%).
Our proven model doesn’t conclusively predict an earnings beat for Del Taco this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some stocks worth considering from the Zacks Retail-Wholesale space as our model shows that these have the right combination of elements to beat on earnings this season:
Brinker International, Inc. (EAT - Free Report) currently has a Zacks Rank of 1 and an Earnings ESP of +65.43%.
The Cheesecake Factory Incorporated (CAKE - Free Report) has a Zacks Rank #3 and an Earnings ESP of +28.45%.
Starbucks Corporation (SBUX - Free Report) has a Zacks Rank of 2 and an Earnings ESP of +4.72%.
Zacks’ 2020 Election Stock Report:
In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.
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Factors Setting the Tone for Del Taco's (DEL) Q3 Earnings
Del Taco Restaurants, Inc. is scheduled to report third-quarter 2020 results on Oct 15, after the closing bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 100%. Further, it has a trailing four-quarter earnings surprise of 30.4%, on average.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 10 cents, flat year over year. Over the past seven days, earnings estimates have been revised upward by a penny. The consensus mark for quarterly revenues stands at $120.4 million, suggesting an improvement of 0.1% from the prior-year quarter.
Factors to Note
The company’s results in the quarter are likely to reflect robust off-premise sales. Moreover, sequential improvements in comparable restaurant sales at both company-operated and franchised restaurants are likely to have benefited the company’s performance in the quarter to be reported. Recently, the company reported preliminary results wherein system-wide comparable restaurant sales rose 4.1%, with positive trends being witnessed at company-operated (2%) and franchised restaurants (6.5%).
Del Taco Restaurants, Inc. Price and EPS Surprise
Del Taco Restaurants, Inc. price-eps-surprise | Del Taco Restaurants, Inc. Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Del Taco this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Del Taco Restaurants has a Zacks Rank #1 and an Earnings ESP of 0.00%, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat Earnings Estimates
Here are some stocks worth considering from the Zacks Retail-Wholesale space as our model shows that these have the right combination of elements to beat on earnings this season:
Brinker International, Inc. (EAT - Free Report) currently has a Zacks Rank of 1 and an Earnings ESP of +65.43%.
The Cheesecake Factory Incorporated (CAKE - Free Report) has a Zacks Rank #3 and an Earnings ESP of +28.45%.
Starbucks Corporation (SBUX - Free Report) has a Zacks Rank of 2 and an Earnings ESP of +4.72%.
Zacks’ 2020 Election Stock Report:
In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.
Check out the 2020 Election Stock Report >>