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In the latest trading session, Wingstop (WING) closed at $220.37, marking a +0.13% move from the previous day. This change outpaced the S&P 500's 1.12% loss on the day. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 2.04%.
Shares of the restaurant chain have depreciated by 7.86% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 5.39% and the S&P 500's loss of 2.91%.
Market participants will be closely following the financial results of Wingstop in its upcoming release. The company is forecasted to report an EPS of $0.84, showcasing a 14.29% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $171.46 million, reflecting a 17.61% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.66 per share and a revenue of $732.76 million, indicating changes of 0% and +17.09%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.98% downward. At present, Wingstop boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, Wingstop is holding a Forward P/E ratio of 60.15. This denotes a premium relative to the industry's average Forward P/E of 22.99.
It's also important to note that WING currently trades at a PEG ratio of 3.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. WING's industry had an average PEG ratio of 2.25 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 179, this industry ranks in the bottom 29% of all industries, numbering over 250.