Darden Restaurants (DRI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - The market anticipates Darden Restaurants (DRI) will report a year-over-year increase in earnings driven by higher revenues when it releases its results for the quarter ending November 2024 [1] Earnings Expectations - The earnings report is expected on December 19, 2024, with a consensus EPS estimate of $2.06, reflecting a 12% increase year-over-year [3] - Revenues are projected to reach $2.87 billion, marking a 5.3% increase from the same quarter last year [4] Estimate Revisions - The consensus EPS estimate has been revised 0.05% higher in the last 30 days, indicating a slight positive reassessment by analysts [5] - The Most Accurate Estimate for Darden is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.07%, suggesting a bearish outlook from analysts [11][12] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with positive readings being more reliable [8][9] - Darden's current Zacks Rank is 3 (Hold), complicating predictions of an earnings beat [13] Historical Performance - In the last reported quarter, Darden was expected to earn $1.81 per share but reported $1.75, resulting in a surprise of -3.31% [14] - Over the past four quarters, Darden has beaten consensus EPS estimates twice [15] Conclusion - While Darden Restaurants may not be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [18]