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Wingstop (WING) Gains But Lags Market: What You Should Know
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Wingstop (WING - Free Report) closed the most recent trading day at $143.44, moving +1.13% from the previous trading session. This move lagged the S&P 500's daily gain of 1.75%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 7.84%.
Heading into today, shares of the restaurant chain had lost 14.3% over the past month, lagging the Retail-Wholesale sector's loss of 5.68% and the S&P 500's loss of 4.4% in that time.
Wingstop will be looking to display strength as it nears its next earnings release. In that report, analysts expect Wingstop to post earnings of $0.42 per share. This would mark year-over-year growth of 75%. Our most recent consensus estimate is calling for quarterly revenue of $101.82 million, up 41.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.66 per share and revenue of $354.47 million, which would represent changes of +22.96% and +25.47%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wingstop. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.85% higher. Wingstop currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Wingstop currently has a Forward P/E ratio of 85.45. This valuation marks a premium compared to its industry's average Forward P/E of 20.63.
Also, we should mention that WING has a PEG ratio of 7.12. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WING's industry had an average PEG ratio of 2.17 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WING in the coming trading sessions, be sure to utilize Zacks.com.
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Wingstop (WING) Gains But Lags Market: What You Should Know
Wingstop (WING - Free Report) closed the most recent trading day at $143.44, moving +1.13% from the previous trading session. This move lagged the S&P 500's daily gain of 1.75%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 7.84%.
Heading into today, shares of the restaurant chain had lost 14.3% over the past month, lagging the Retail-Wholesale sector's loss of 5.68% and the S&P 500's loss of 4.4% in that time.
Wingstop will be looking to display strength as it nears its next earnings release. In that report, analysts expect Wingstop to post earnings of $0.42 per share. This would mark year-over-year growth of 75%. Our most recent consensus estimate is calling for quarterly revenue of $101.82 million, up 41.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.66 per share and revenue of $354.47 million, which would represent changes of +22.96% and +25.47%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wingstop. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.85% higher. Wingstop currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Wingstop currently has a Forward P/E ratio of 85.45. This valuation marks a premium compared to its industry's average Forward P/E of 20.63.
Also, we should mention that WING has a PEG ratio of 7.12. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WING's industry had an average PEG ratio of 2.17 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WING in the coming trading sessions, be sure to utilize Zacks.com.