Seeking Clues to Dave & Buster's (PLAY) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Wall Street analysts expect Dave & Buster's (PLAY) to post quarterly loss of -$1.19 per share in its upcoming report, which indicates a year-over-year decline of 164.4%. Revenues are expected to be $460.15 million, up 1.6% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.With that in mind, let's delve into the average projections of some Dave & Buster's metrics that are commonly tracked and projected by analysts on Wall Street.The combined assessment of analysts suggests that 'Entertainment revenues' will likely reach $291.82 million. The estimate indicates a year-over-year change of -1%.The average prediction of analysts places 'Food and beverage revenues' at $168.24 million. The estimate suggests a change of +6.2% year over year.Analysts forecast 'Stores Count - End of Period' to reach 241 . Compared to the current estimate, the company reported 227 in the same quarter of the previous year. View all Key Company Metrics for Dave & Buster's here>>> Shares of Dave & Buster's have demonstrated returns of +22.6% over the past month compared to the Zacks S&P 500 composite's +0.1% change. With a Zacks Rank #4 (Sell), PLAY is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>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 Dave & Buster's Entertainment, Inc. (PLAY): 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