Dominos - Master Splinter is fed up!
-Domino’s Pizza on Thursday reported that its U.S. same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year.
-Shares of the company rose more than 11% in morning trading.
-Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $3.12 adjusted vs. $2.87 expected
Revenue: $1.03 billion vs. $972.3 million expected
-The pizza chain reported fiscal second-quarter net income of $116.6 million, or $3.06 per share, down from $118.7 million, or $2.99 per share, a year earlier.
-Currently, we have a hold position on this boy. Needs to cool down a little bit before continuing the rise.
-The estimate stock price by analysts for Dominos was standing at $625 (high), $535 (median) and $410 (low). Currently Dominos is super close to the high $625 price target where a strong resistance can be found. We expect the Dominos to rise to $600-620 levels and drop from there to more reasonable levels for the later rise.
-Shares of the company rose more than 11% in morning trading.
-Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $3.12 adjusted vs. $2.87 expected
Revenue: $1.03 billion vs. $972.3 million expected
-The pizza chain reported fiscal second-quarter net income of $116.6 million, or $3.06 per share, down from $118.7 million, or $2.99 per share, a year earlier.
-Currently, we have a hold position on this boy. Needs to cool down a little bit before continuing the rise.
-The estimate stock price by analysts for Dominos was standing at $625 (high), $535 (median) and $410 (low). Currently Dominos is super close to the high $625 price target where a strong resistance can be found. We expect the Dominos to rise to $600-620 levels and drop from there to more reasonable levels for the later rise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.