Papa John's International, Inc. (PZZA) is scheduled to report third-quarter 2024 results on Nov. 7, before the opening bell. In the last reported quarter, its earnings beat the Zacks Consensus Estimate by 19.6%.Papa John's Q3 EstimatesThe Zacks Consensus Estimate for earnings is pegged at 42 cents per share, indicating a decline of 20.8% from the prior-year level. In the past seven days, the consensus estimate for earnings has witnessed upward revisions of 5%. The consensus mark for revenues is pegged at $4 ...

Core Insights - Papa John's has consistently beaten earnings estimates, with an average surprise of 17.56% over the last two quarters [1][2] - The company reported earnings of $0.61 per share for the most recent quarter, exceeding the expected $0.51, resulting in a surprise of 19.61% [2] - Recent estimates for Papa John's have been increasing, indicating a positive outlook for future earnings [3][6] Earnings Performance - For the previous quarter, Papa John's reported $0.67 per share against an expected $0.58, achieving a surprise of 15.52% [2] - The Zacks Earnings ESP for Papa John's is currently +3.41%, suggesting analysts are optimistic about its near-term earnings potential [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Most Accurate Estimate, part of the Earnings ESP, reflects the latest analyst revisions, which may be more accurate than earlier consensus estimates [5] Upcoming Events - Papa John's next earnings report is anticipated to be released on November 7, 2024 [6]

EDMONTON, Alberta, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Papa Johns is proud to announce the return of its popular Shaq-a-Roni pizza across Canada for its 5th consecutive year. Crafted in partnership with former basketball superstar and Papa Johns franchisee, Shaquille O'Neal, the Shaqa-Roni feeds a big appetite for big impact. For every Shaq-a-Roni sold between October 14th and December 29th, 2024, Papa Johns will donate $1 to Second Harvest. Second Harvest is Canada's largest food rescue organization. On a mi ...

Papa John's International, Inc. (PZZA) stock has disappointed investors this year, underperforming the industry and the S&P 500. The company's dismal performance was due to the challenging macroeconomic environment and decline in organic delivery. So far this year, PZZA stock has declined 38.4% compared with the industry's decrease of 2% and against the S&P 500 composite's growth of 13.3%. As of Friday, the stock closed at $46.93, significantly below its 52- week high of $78.74 but above the low of $39.90. ...

Papa John's International, Inc. (PZZA) will likely benefit from digital initiatives, menu innovation and unitexpansion efforts. This and the emphasis on strategic refranchising bode well. However, a challenging macro environment and soft comps are a headwind. Let's delve deeper. Strategic Efforts Aid PZZA's Prospects Innovation and Digital Enhancements: Innovation remains key to Papa John's strategy. The company is expanding its pipeline of differentiated menu offerings, designed to boost customer satisfact ...

Papa John's International, Inc. (PZZA) recorded mixed second-quarter 2024 results, wherein its earnings beat the Zacks Consensus Estimate but revenues missed the same. The top declined but the bottom line increased on a year-over-year basis. Following the results, the company's shares rose 1.7% during trading hours on Aug 8. Earnings & Revenue Discussion In the fiscal second quarter, the company reported adjusted earnings per share (EPS) of 61 cents, which beat the Zacks Consensus Estimate of 51 cents. It r ...

Core Viewpoint - Papa John's reported mixed Q2 results with weak sales but improved profitability, leading to a slight positive market reaction despite the overall performance being below expectations [1][10] Financial Performance - Q2 revenues were $507.9 million, a decrease of 1.3% year-on-year, missing Wall Street estimates by $12.9 million [2] - Adjusted EPS was $0.61, beating the prior year's $0.59 and Wall Street estimates by $0.08, indicating effective cost management [2][5] - Adjusted operating income increased by $1.5 million to $38.4 million, despite the sales weakness [5] Comparable Sales - North American comparable store sales declined by 3.6%, with company-owned restaurants experiencing a 4.2% drop [4] - International comparable sales saw a slight decline of 0.1% [4] - The overall QSR industry showed mixed results, with competitors like Domino's and Yum! Brands reporting varying performance, highlighting the challenging market conditions [4] Operational Changes - The company closed 31 net units, primarily due to 43 planned closures in the UK as part of operational streamlining [3] - At the end of the quarter, Papa John's had 5,883 system-wide restaurants, supported by growth in international franchised locations [3] Future Outlook - The company is focusing on enhancing marketing efforts through the Back To Better 2.0 plan, which is expected to improve traffic and sales in the midterm [4][10] - A discounted cash flow model estimates the fair value of the stock at $62.75, indicating a potential upside of 42% from the current stock price [7] Valuation Metrics - The weighted average cost of capital (WACC) is estimated at 7.90%, down from 8.82%, reflecting improved cash flow estimates [8] - The EBIT margin is projected to remain at 8.8% post-implementation of the Back To Better 2.0 plan, with earlier margin improvements anticipated [6]

For the quarter ended June 2024, Papa John's (PZZA) reported revenue of $507.89 million, down 1.3% over the same period last year. EPS came in at $0.61, compared to $0.59 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $518.86 million, representing a surprise of -2.11%. The company delivered an EPS surprise of +19.61%, with the consensus EPS estimate being $0.51. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Core Insights - Papa John's reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, and showing a slight increase from $0.59 per share a year ago, resulting in an earnings surprise of 19.61% [1] - The company generated revenues of $507.89 million for the quarter ended June 2024, which fell short of the Zacks Consensus Estimate by 2.11% and represented a decline from $514.53 million in the same quarter last year [2] - Papa John's shares have decreased by approximately 44.3% since the beginning of the year, contrasting with a 9% gain in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52, with projected revenues of $518.06 million, while the estimate for the current fiscal year stands at $2.37 on revenues of $2.08 billion [7] - The trend of estimate revisions for Papa John's has been unfavorable, leading to a Zacks Rank of 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Context - The Retail - Restaurants industry, to which Papa John's belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8] - Another company in the same industry, Red Robin, is expected to report a quarterly loss of $0.41 per share, reflecting a year-over-year decline of 70.8%, with revenues anticipated to be $295.57 million, down 1% from the previous year [9]

The upcoming report from Papa John's (PZZA) is expected to reveal quarterly earnings of $0.51 per share, indicating a decline of 13.6% compared to the year-ago period. Analysts forecast revenues of $518.86 million, representing an increase of 0.8% year over year. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead ...