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Wingstop (WING) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Wingstop (WING - Free Report) reported $162.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 38.8%. EPS of $0.88 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $162.07 million, representing a surprise of +0.27%. The company delivered an EPS surprise of -9.28%, with the consensus EPS estimate being $0.97.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wingstop performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
System-wide Domestic Same Store Sales Growth: 20.9% versus the eight-analyst average estimate of 22.1%.
Total System-wide Restaurants: 2,458 compared to the 2,419 average estimate based on eight analysts.
Number of Restaurants at end of period - Domestic Company-Owned Activity: 56 versus the six-analyst average estimate of 53.
Company-owned domestic same store sales growth: 7.3% versus the six-analyst average estimate of 11.5%.
New Restaurant Openings: 106 versus the four-analyst average estimate of 65.
New Restaurant Openings - International Franchised Activity: 28 versus 15 estimated by four analysts on average.
New Restaurant Openings - Domestic Franchised Activity: 79 versus 49 estimated by four analysts on average.
Number of Restaurants at end of period - Domestic Franchised Activity: 2,064 versus 2,037 estimated by four analysts on average.
Total Domestic Restaurants: 2,120 versus 2,090 estimated by four analysts on average.
Revenue- Royalty revenue, franchise fees and other: $74.40 million versus $73.66 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +39.8% change.
Revenue- Company-owned restaurant sales: $31.34 million compared to the $30.57 million average estimate based on eight analysts. The reported number represents a change of +30.8% year over year.
Revenue- Advertising fees: $56.76 million compared to the $57.83 million average estimate based on eight analysts. The reported number represents a change of +42.1% year over year.
Shares of Wingstop have returned -12.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Wingstop (WING) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Wingstop (WING - Free Report) reported $162.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 38.8%. EPS of $0.88 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $162.07 million, representing a surprise of +0.27%. The company delivered an EPS surprise of -9.28%, with the consensus EPS estimate being $0.97.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wingstop performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- System-wide Domestic Same Store Sales Growth: 20.9% versus the eight-analyst average estimate of 22.1%.
- Total System-wide Restaurants: 2,458 compared to the 2,419 average estimate based on eight analysts.
- Number of Restaurants at end of period - Domestic Company-Owned Activity: 56 versus the six-analyst average estimate of 53.
- Company-owned domestic same store sales growth: 7.3% versus the six-analyst average estimate of 11.5%.
- New Restaurant Openings: 106 versus the four-analyst average estimate of 65.
- New Restaurant Openings - International Franchised Activity: 28 versus 15 estimated by four analysts on average.
- New Restaurant Openings - Domestic Franchised Activity: 79 versus 49 estimated by four analysts on average.
- Number of Restaurants at end of period - Domestic Franchised Activity: 2,064 versus 2,037 estimated by four analysts on average.
- Total Domestic Restaurants: 2,120 versus 2,090 estimated by four analysts on average.
- Revenue- Royalty revenue, franchise fees and other: $74.40 million versus $73.66 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +39.8% change.
- Revenue- Company-owned restaurant sales: $31.34 million compared to the $30.57 million average estimate based on eight analysts. The reported number represents a change of +30.8% year over year.
- Revenue- Advertising fees: $56.76 million compared to the $57.83 million average estimate based on eight analysts. The reported number represents a change of +42.1% year over year.
View all Key Company Metrics for Wingstop here>>>Shares of Wingstop have returned -12.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.