What to Expect When Dave & Buster’s Reports After the Close
Dave & Buster’s is scheduled to release its most recent quarterly results after the markets close on Tuesday.
Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) is scheduled to release its most recent quarterly results after the markets close on Tuesday. The consensus estimates are calling for $1.12 in earnings per share (EPS) and $371.01 million in revenue. The fiscal first quarter of last year reportedly had $1.04 in EPS and $332.19 million in revenue.
During the fiscal fourth quarter, comparable store sales increased 2.9% on a comparable 52-week basis. This comparable store sales increase was driven by a 3.7% increase in walk-in sales and a 1.4% decrease in special events sales.
Also at that time, total revenues increased 8.8%. Ultimately, this growth was driven by a 10.7% increase in Amusements and Other revenue and a 6.5% increase in Food and Beverage revenue. The mix of Amusement and Other as a percentage of total revenue increased 100 basis points to 55.5% in the fourth quarter of 2018 from 54.5% in last year’s fourth quarter.
Dave & Buster’s detailed some guidance in the fiscal fourth quarter as well. The company expects to see revenues between $1.37 billion and $1.40 billion, with comparable store sales in the range of flat to up 1.5% for the full 2019 fiscal year. Consensus estimates call for $3.08 in EPS and $1.4 billion in revenue for the year.
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Excluding Tuesday’s move, Dave & Buster’s had performed more or less in line with the markets, with its stock up about 13.5% year to date. In the past 52 weeks, the stock was up only 9%.
A few analysts weighed in on Dave & Buster’s ahead of the results:
- Maxim Group has a Buy rating with a $67 price target.
- Wells Fargo has an Outperform rating and a $60 price target.
- BMO Capital Markets has an Outperform rating with a $66 target.
Shares of Dave & Buster’s traded down 0.6% at $50.28 in the noon hour Tuesday, in a 52-week range of $42.78 to $67.05. The consensus price target is $63.60.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
