Domino's Pizza has peaked?
There was a shift in the market expectations for Domino's Pizza, Inc. (DPZ)'s earnings on 2024-03-09, prior to its next results.
Earnings estimates reflect the consensus expectations of analysts and investors, influencing market sentiment and stock prices. Average EPS has been revised up from 3.42 to 3.45. These figure are based on the prediction of 27 analysts.
The average EPS (quarterly) is expected to be at 3.45 for the period ending on 31-03-2024 between expected lower and upper bands at 3.23 and 3.61 respectively. This is an increase of about 0.177 from the EPS of 2.93 from a year ago. Similarly the average revenue is expected to be at 1075280000 between expected lower and upper bands at 1030420000 and 1095900000 respectively. As compared to the revenue of 1024400000 from a year ago, the current estimate indicates an increase of roughly 0.05
The spike in earnings estimates could drive prices higher in the lead-up to the next results, offering investors an early entry point.
Insider transactions made by DPZ insiders were reported on the stock market since 16-12-2023.
Monitoring insider transactions helps level the playing field for investors by reducing information asymmetry, enabling them to make more informed investment decisions.
There were no insider transactions on the buy side and sales at an average price of 418.41 Insiders have been actively liquidating shares in the period preceding the earnings, suggesting the potential for negative earnings and subsequent price adjustments.
There was a modification to the price projections provided by analysts for DPZ on 2024-03-09.
Analysts, in their research reports provide a range of maximum and minimum price projections for a given stock, which investors can draw on to guide their decisions.Analysts, through their exhaustive research reports, furnish investors with a spectrum of maximum and minimum price projections for a particular stock, aiding investors in making informed decisions. Insights from a panel of 27 financial experts suggest that DPZ's future price is expected to fluctuate between 405.0 and550.0, with the mean forecast hovering around 493.0.
Technical Summary
The current price of 443.66 finds support at 434.74 and resistance at 447.37. The recent price move is breaching support.
The PSAR continues to be bullish in its current outlook.
The moving averages for 20-50-100 are aligned bearishly but the slopes for the 20/50 SMAs are starting to waver, indicating a possible move to a bullish price action soon.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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