Yum!(US:YUM) Zacks Investment Research·2024-01-31 16:06Core Viewpoint - Yum Brands is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2023, with the actual results being crucial for stock price movement [1] Earnings Expectations - The consensus estimate for Yum Brands' quarterly earnings is $1.39 per share, reflecting a year-over-year change of +6.1% [2] - Expected revenues are $2.12 billion, which is a 4.9% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.65% lower in the last 30 days, indicating a bearish sentiment among analysts [2] - The Most Accurate Estimate for Yum is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.68% [5] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a focus on positive readings for predictive power [3][4] - Yum's current Zacks Rank is 3, which complicates the prediction of an earnings beat [5][6] Historical Performance - In the last reported quarter, Yum exceeded the expected earnings of $1.26 per share by delivering $1.44, resulting in a surprise of +14.29% [7] - Over the past four quarters, Yum has beaten consensus EPS estimates three times [7] Industry Comparison - Yum China Holdings is expected to report earnings of $0.13 per share, unchanged from the previous year, with revenues projected at $2.37 billion, a 13.5% increase [9] - Yum China's consensus EPS estimate has been revised 2.3% lower, but it has a positive Earnings ESP of 20.76% [9]