In this regard, we ran a screener that yielded Wingstop (WING) , Burlington Stores (BURL) and Prokidney CP (PROK) as the likely winners on the earnings beat potential. Why Is a Positive Earnings Surprise So Important? Also, seasonal fluctuations come into play sometimes. If a company's Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company. Thus, outperforming that estimate is almos ...

The U.S. restaurant industry has largely been responsible for helping the retail sector survive inflationary pressures. U.S. restaurants saw sales growing at a rapid pace in 2023 in a major turnaround and the trend has continued into 2024. While the retail sector had a rough ride in 2023 and is still struggling to stage a comeback this year owing to inflation, food and drinking places are witnessing steady growth. This is courtesy of an increasing number of Americans still spending lavishly on eating out. D ...

Wingstop (WING) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Shares of this restaurant chain have returned +5.2% over the past mont ...

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Wingstop (WING) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Wingstop is a member of our Retail-Wholesale group, which includes 213 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different g ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Wingstop Inc. (NASDAQ:WING) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Conference Call Participants On the call today are Michael Skipworth, President and Chief Executive Officer and Alex Kaleida, Senior Vice President and Chief Financial Officer. Thank you. And welcome to the Fiscal First quarter 2024 earnings conference call for Wingstop. Our results were published earlier this morning and are available on our Investor Relations website at ir.wingstop.com. Our discussion today includes forwa ...

Wingstop (WING) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.95%. A quarter ago, it was expected that this restaurant chain would post earnings of $0.57 per share when it actually produced earnings of $0.64, delivering a surprise of 12.28%.Over the last four quarters, the compan ...

Domestic Restaurant AUV Exceeds $1.9 Million Driven by 21.6% Domestic Same Store Sales Growth Delivers 14.2% Unit Growth DALLAS, May 1, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced financial results for the fiscal first quarter ended March 30, 2024. Highlights for the fiscal first quarter 2024 compared to the fiscal first quarter 2023: System-wide sales increased 36.8% to $1.1 billion 65 net new openings in the fiscal first quarter 2024 Domestic same store sales increased 21.6% Domesti ...

FOR IMMEDIATE RELEASE Wingstop Inc. Reports Fiscal First Quarter 2024 Financial Results Domestic Restaurant AUV Exceeds $1.9 Million Driven by 21.6% Domestic Same Store Sales Growth Delivers 14.2% Unit Growth Dallas, May 1, 2024 - (PR NEWSWIRE) - Wingstop Inc. (NASDAQ: WING) today announced financial results for the fiscal first quarter ended March 30, 2024. Highlights for the fiscal first quarter 2024 compared to the fiscal first quarter 2023: ▪ System-wide sales increased 36.8% to $1.1 billion ▪ 65 net ne ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...