Denny's (DENN) Meets Q1 Earnings Estimates

Core Viewpoint - Denny's reported quarterly earnings of $0.08 per share, matching the Zacks Consensus Estimate, but down from $0.11 per share a year ago [1] - The company posted revenues of $111.64 million, exceeding the Zacks Consensus Estimate by 1.56%, and up from $109.97 million year-over-year [2] Financial Performance - Earnings per share (EPS) for the last quarter was $0.08, compared to an expected $0.15, with a surprise of -6.67% as the actual earnings were $0.14 a quarter ago [1] - Over the last four quarters, Denny's has not surpassed consensus EPS estimates [1] - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $116.8 million, and for the current fiscal year, it is $0.50 on revenues of $469.46 million [7] Stock Performance - Denny's shares have declined approximately 37.4% since the beginning of the year, contrasting with the S&P 500's decline of -3.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Retail - Restaurants industry, to which Denny's belongs, is currently in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Denny's stock performance [5]