Back to top
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Papa John's Delivers Stale Q4 Earnings, Misses Revenue Estimates
Papa John’s International Inc. (PZZA - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.69 per share and revenue of $439.62 million.
PZZA was down 1.17% to $85.63 in after-hours trading shortly after its earnings report was released.
Currently, PZZA has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Papa John’s:
Beat earnings estimates. The company posted earnings of $0.69 cents per share, beating our Zacks Consensus Estimate of $0.66 per share.
Missed revenue estimates. The company saw revenue figures of $439.62 million, missing our estimate of $445.8 million.
International income decreased by $300,000 due to the negative impact from foreign currency exchange risk which was mostly attributed to the United Kingdom for an $800,000 shock.
In the full year of 2016, Papa John’s worldwide net unit openings were 204 with 151 being international and 53 in North America.
For 2017, company guidance shows international comparable sales to grow between 4% and 6% along with North American comparable sales increasing between 2% and 4%.
Here’s a graph that looks at Papa John’s price, consensus and EPS surprise:
Papa John's International, Inc. Price, Consensus and EPS Surprise
Papa John’s International Inc. is a pizza delivery and carry-out business. Their restaurants are mixed between being franchised and company operated with having over 5,000 locations in 44 countries and territories around the globe. Papa John’s uses never frozen pizza dough and vine-ripened tomatoes never from concentrate to keep their ingredients as fresh as possible.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from