Dine Brands (DIN) Misses Q1 Earnings and Revenue Estimates

Core Insights - Dine Brands (DIN) reported quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.18 per share, and down from $1.33 per share a year ago, representing an earnings surprise of -12.71% [1] - The company posted revenues of $214.78 million for the quarter, slightly missing the Zacks Consensus Estimate by 0.24%, and up from $206.24 million year-over-year [2] - Dine Brands shares have declined approximately 33.7% year-to-date, contrasting with the S&P 500's decline of -4.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $218.43 million, and for the current fiscal year, it is $5.06 on revenues of $858.74 million [7] - The estimate revisions trend for Dine Brands is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Retail - Restaurants industry, to which Dine Brands belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]