Fast-food pizza chain Domino’s (NYSE:DPZ) will be announcing earnings results before market hours. Here's what investors should know.

Domino's missed analysts' revenue expectations by 1.3% last quarter, reporting revenues of $1.40 billion, flat year on year. It was a weak quarter for the company, with a miss of analysts' revenue estimates.

Is Domino's a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Domino's revenue to grow 5.2% year on year to $1.08 billion, improving on the 1.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.40 per share.

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing seven upward revisions over the last thirty days. Domino's has missed Wall Street's revenue estimates six times over the last two years.

Looking at Domino's peers in the restaurants segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Darden delivered year-on-year revenue growth of 6.8%, missing analyst expectations by 1.7%, and Kura Sushi reported revenues up 30.4%, topping Wall Street's consensus estimates by 1.1%. Darden traded down 5.5% following the results while Kura Sushi was up 5.7%.

Read our full analysis of Darden's results here and Kura Sushi's results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some of the restaurants stocks have fared somewhat better, they have not been spared, with share price declining 4.9% over the last month. Domino's is up 1.3% during the same time and is heading into earnings with an average analyst price target of $496.8 (compared to share price of $500.39).

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