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Wingstop (WING) Tops Q1 Earnings Estimates, Domestic Comps Up 9.5%
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Wingstop (WING - Free Report) just released its first quarter financial results, posting adjusted earnings of $0.25 per share and revenues of $37.39 million.
Wingstop is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Wingstop have skyrocketed 65% over the last year. The company also saw its stock price pop roughly 2.2% on Thursday to hit $49.26 per share prior to the release of its quarterly earnings results.
Wingstop stock is currently up 1.10% to $49.80 per share in after-hours trading shortly after its earnings report was released.
WING:
Beat earnings estimates. The company posted adjusted earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share.
Beat revenue estimates. The company saw revenue figures of $37.39 million, topping our consensus estimate of $36.54 million.
Wingstop’s adjusted quarterly earnings climbed from $0.21 per share in the year-ago period. Investors should note that the company adopted new accounting standards known as ASU 2014-09, which caused them to adjust the year-ago period results.
The chicken wing company’s domestic same store sales popped 9.5%. Wingstop also noted that its system-wide restaurant count jumped 12.2% to 1,157 locations worldwide.
“The strong top line momentum in the first quarter of 2018 led to adjusted EBITDA growth of 31.0% and adjusted net income growth of 16.4%,” CEO Charlie Morrison said in a statement.
Here’s a graph that looks at WING’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on WING’s earnings report!
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Wingstop (WING) Tops Q1 Earnings Estimates, Domestic Comps Up 9.5%
Wingstop (WING - Free Report) just released its first quarter financial results, posting adjusted earnings of $0.25 per share and revenues of $37.39 million.
Wingstop is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Wingstop have skyrocketed 65% over the last year. The company also saw its stock price pop roughly 2.2% on Thursday to hit $49.26 per share prior to the release of its quarterly earnings results.
Wingstop stock is currently up 1.10% to $49.80 per share in after-hours trading shortly after its earnings report was released.
WING:
Beat earnings estimates. The company posted adjusted earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share.
Beat revenue estimates. The company saw revenue figures of $37.39 million, topping our consensus estimate of $36.54 million.
Wingstop’s adjusted quarterly earnings climbed from $0.21 per share in the year-ago period. Investors should note that the company adopted new accounting standards known as ASU 2014-09, which caused them to adjust the year-ago period results.
The chicken wing company’s domestic same store sales popped 9.5%. Wingstop also noted that its system-wide restaurant count jumped 12.2% to 1,157 locations worldwide.
“The strong top line momentum in the first quarter of 2018 led to adjusted EBITDA growth of 31.0% and adjusted net income growth of 16.4%,” CEO Charlie Morrison said in a statement.
Here’s a graph that looks at WING’s Price, Consensus and EPS Surprise history:
Wingstop Inc. Price, Consensus and EPS Surprise
Wingstop Inc. Price, Consensus and EPS Surprise | Wingstop Inc. Quote
Check back later for our full analysis on WING’s earnings report!
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>