Ahead of Wingstop (WING) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Wingstop (WING) will announce quarterly earnings of $0.84 per share in its forthcoming report, representing a decline of 14.3% year over year. Revenues are projected to reach $170.46 million, increasing 16.9% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some Wingstop metrics that Wall Street analysts commonly model and monitor.The combined assessment of analysts suggests that 'Revenue- Royalty revenue, franchise fees and other' will likely reach $79.05 million. The estimate suggests a change of +17.8% year over year.The consensus among analysts is that 'Revenue- Company-owned restaurant sales' will reach $29.82 million. The estimate indicates a year-over-year change of +4.5%.Analysts' assessment points toward 'Revenue- Advertising fees' reaching $62.32 million. The estimate suggests a change of +24.3% year over year.The average prediction of analysts places 'Total System-wide Restaurants' at 2,633. The estimate compares to the year-ago value of 2,279.Analysts predict that the 'Domestic same store sales growth' will reach 2.3%. Compared to the current estimate, the company reported 21.6% in the same quarter of the previous year.According to the collective judgment of analysts, 'Total Franchise Restaurants' should come in at 2,585. The estimate compares to the year-ago value of 2,229.The consensus estimate for 'Company-owned domestic same store sales growth' stands at 2.1%. Compared to the current estimate, the company reported 6.2% in the same quarter of the previous year.Based on the collective assessment of analysts, 'Number of Restaurants at end of period - Domestic Company-Owned Activity' should arrive at 51. The estimate compares to the year-ago value of 50.The collective assessment of analysts points to an estimated 'New Restaurant Openings - International Franchised Activity' of 20. The estimate compares to the year-ago value of 17.Analysts forecast 'New Restaurant Openings' to reach 71. The estimate compares to the year-ago value of 65.Analysts expect 'Total Domestic Restaurants' to come in at 2,255. The estimate compares to the year-ago value of 1,974.It is projected by analysts that the 'Number of Restaurants at end of period - International Franchised Activity' will reach 379. The estimate compares to the year-ago value of 305.View all Key Company Metrics for Wingstop here>>>Over the past month, shares of Wingstop have returned +1.5% versus the Zacks S&P 500 composite's -4.3% change. Currently, WING carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wingstop Inc. (WING): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks