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Dine Brands (DIN) Q3 Earnings: What To Expect

StockStory - Tue Oct 31, 2023

DIN Cover Image

Casual restaurant chain Dine Brands (NYSE:DIN) will be reporting earnings tomorrow before the bell. Here's what to expect.

Last quarter Dine Brands reported revenues of $208.4 million, down 12.4% year on year, missing analyst expectations by 0.57%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.

Is Dine Brands buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Dine Brands's revenue to decline 12.8% year on year to $203.5 million, a deceleration on the 1.97% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.29 per share.

Dine Brands Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Dine Brands's peers in the sit-down dining segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. BJ's delivered top-line growth of 2.34% year on year, missing analyst estimates by 2.22% and Texas Roadhouse reported revenues up 12.9% year on year, missing analyst estimates by 0.06%. BJ's traded up 8.61% on the results, Texas Roadhouse was up 3.24%.

Read our full analysis of BJ's's results here and Texas Roadhouse's results here.

Triggered by the Federal Reserve's hawkish stance on interest rates, shares of technology companies have been facing sell-off since 2022, and while some of the sit-down dining stocks have fared somewhat better, they have not been spared, with share price declining 2.67% over the last month. Dine Brands is down 3.08% during the same time, and is heading into the earnings with analyst price target of $66.3, compared to share price of $49.44.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.

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