JUMP REPORT
Avg Daily Volume: 782,574 Market Cap: 1.24B
Sector: Consumer Services Short Interest: 21.74
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .02/share REV: 296.3/M
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LAST QTR: EPS: .84/share ACTUAL: .90/share (BEAT)
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NEXT QTR: EPS: .69/share REV: 347/M
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FULL YR: EPS: 2.82/share REV: 1,350/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 88% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -14.77, -23.42, 6.25
EXPECTED JUMP MOVE: 12-15%
Links To Latest News and Headlines
Dave & Buster’s Entertainment (NASDAQ: PLAY) shareholders beat a rallying market last month. Dave & Buster’s stock has underperformed over the longer term, up just 16% in the past five years compared to a 94% increase in the wider market.
PLAY earnings call for the period ending January 31, 2021.
Dave & Buster’s Entertainment Inc. (PLAY) posted some shocking numbers in its fourth-quarter earnings report, demonstrating the severe toll COVID-19 has taken on the business. Dave & Buster’s stock was down 4.4% in Thursday trading, but has rallied more than 326% over the past year.
Dave & Buster’s (PLAY) results in fourth-quarter fiscal 2020 reflect the impact of the pandemic-induced operating restrictions. However, optimism regarding business recovery prevails.
Dave & Buster’s Entertainment reported better-than-expected 2Q results despite the negative impact of the COVID-19 pandemic on its restaurant and entertainment business. Dave & Buster’s (PLAY) reported a GAAP loss of $1.19 per share for the quarter, which fared better than the Street’s estimates of a loss of $1.27 per share. However, the bottom-line result compared unfavorably with the year-ago quarter’s earnings of $0.80 per share. 4Q revenues plunged 66.4% to $116.8 million year-on-year but topped the Street’s estimates of $102 million. The company’s overall comparable-store sales tanked 70% during the quarter. Moreover, comparable store sales at its fully operational stores were about 52% of 2019 sales. Dave & Buster’s CEO Brian Jenkins said that the company is witnessing a recovery in its business. He noted that its fully operational stores achieved 74% of 2019 comparable-store sales level during the first eight weeks of 1Q with total sales of about $150 million. (See Dave & Buster’s Entertainment stock analysis on TipRanks) Based on the company’s preliminary results for the first eight weeks, Dave & Buster’s expects to generate revenues of between $210 million and $220 million in 1Q. On March 24, Raymond James analyst Brian Vaccaro reiterated a Buy rating and price target of $55 (14.8% upside potential) on the stock. In a note to investors, Vaccaro wrote that we “believe the stock’s recent pullback creates an attractive entry point. While we see modest upside to 4Q expectations, we’ll be more focused on 1) QTD sales which we believe have shown solid sequential improvement through March and 2) incremental details regarding store margin performance in top-quartile AUV units and/or efficiencies/cost savings realized during COVID.” Overall, the rest of the Street has a Moderate Buy consensus rating based on 3 Buys, 2 Holds and 1 Sell. The average analyst price target of $41.17 implies downside potential of about 14.1% to current levels. Shares have gained 266.2% in one year. Related News:Intel Announces New Plan To Capture Market ShareFactSet’s FY21 EPS Guidance Disappoints After 2Q MissAcademy’s 4Q Results Beat Estimates; Shares Jump 11% More recent articles from Smarter Analyst: Micron Gains 4% On 2Q Earnings Beat And Strong Outlook AngioDynamics Gains 8% After A Blowout 3Q Apyx Medical Posts Lower-Than-Expected 4Q Loss, Beats On Revenues FactSet’s FY21 EPS Guidance Disappoints After 2Q Miss
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