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Wingstop (WING) Stock Moves -1.06%: What You Should Know
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In the latest trading session, Wingstop (WING - Free Report) closed at $170.36, marking a -1.06% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.83%, and the Nasdaq, a tech-heavy index, lost 1.56%.
Prior to today's trading, shares of the restaurant chain had gained 4.62% over the past month. This has outpaced the Retail-Wholesale sector's gain of 0.22% and the S&P 500's gain of 0.54% in that time.
Investors will be hoping for strength from Wingstop as it approaches its next earnings release. In that report, analysts expect Wingstop to post earnings of $0.51 per share. This would mark year-over-year growth of 13.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $107.84 million, up 16.37% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.17 per share and revenue of $433.66 million, which would represent changes of +17.3% and +21.3%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Wingstop. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.05% lower. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Wingstop has a Forward P/E ratio of 79.39 right now. Its industry sports an average Forward P/E of 21.91, so we one might conclude that Wingstop is trading at a premium comparatively.
Investors should also note that WING has a PEG ratio of 3.97 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.88 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 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Wingstop (WING) Stock Moves -1.06%: What You Should Know
In the latest trading session, Wingstop (WING - Free Report) closed at $170.36, marking a -1.06% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.83%, and the Nasdaq, a tech-heavy index, lost 1.56%.
Prior to today's trading, shares of the restaurant chain had gained 4.62% over the past month. This has outpaced the Retail-Wholesale sector's gain of 0.22% and the S&P 500's gain of 0.54% in that time.
Investors will be hoping for strength from Wingstop as it approaches its next earnings release. In that report, analysts expect Wingstop to post earnings of $0.51 per share. This would mark year-over-year growth of 13.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $107.84 million, up 16.37% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.17 per share and revenue of $433.66 million, which would represent changes of +17.3% and +21.3%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Wingstop. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.05% lower. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Wingstop has a Forward P/E ratio of 79.39 right now. Its industry sports an average Forward P/E of 21.91, so we one might conclude that Wingstop is trading at a premium comparatively.
Investors should also note that WING has a PEG ratio of 3.97 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.88 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 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.