Dave & Buster's (PLAY) To Report Earnings Tomorrow: Here Is What To Expect
Arcade company Dave & Buster's (NASDAQ:PLAY) will be announcing earnings results tomorrow after market hours. Here's what investors should know.
Dave & Buster's missed analysts' revenue expectations by 2% last quarter, reporting revenues of $534.5 million, down 10.8% year on year. It was a slower quarter for the company, with a miss of analysts' same-store sales estimates and a slight miss of analysts' adjusted operating income estimates.
Is Dave & Buster's a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Dave & Buster's revenue to decline 3.3% year on year to $568.4 million, a further deceleration from the 1.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Dave & Buster's peers in the leisure facilities segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Sphere Entertainment's revenues decreased 12.7% year on year, meeting analysts' expectations, and Live Nation reported a revenue decline of 11%, falling short of estimates by 2.8%. Sphere Entertainment traded up 9.3% following the results while Live Nation was also up 1.9%.
Read our full analysis of Sphere Entertainment's results here and Live Nation's results here.
Investors in the leisure facilities segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Dave & Buster's is up 7.9% during the same time and is heading into earnings with an average analyst price target of $25.29 (compared to the current share price of $23.86).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
19 minutes ago
- Bloomberg
Apple Unveils New Liquid Glass Software Interface at WWDC Event
Apple Inc. unveiled a new operating system interface called Liquid Glass at its annual Worldwide Developers Conference, calling it the company's broadest design update ever. For the first time, the same interface will work across the company's products, executive Alan Dye said Monday during a video presentation from Apple's headquarters in Cupertino, California. The company also confirmed plans to open up its AI models to outside app creators.
Forbes
20 minutes ago
- Forbes
13 Big Hunches On AI And Consultants
The Scream', 1893. The Scream is one of four versions painted by Edward Munch in 1893. The ghostly, ... More agonised figure against the background of a red sunset is one of the most well known images in the world of art - a symbol of despair and alienation. From the Nasjonalgalleriet, Oslo. Artist Edvard Munch. (Photo by Art Media/The) Nathaniel Whittemore has some thoughts about consulting in the AI era. For those who might not know, Whittemore is the intrepid host of AI Daily Brief, a podcast I tend to pay attention to as we move through a profound technological shift that has most of us looking for answers. In a rare episode of the podcast where he acknowledged being on the road, Whittemore went through his own LinkedIn post about consulting companies, to glean some predictions and insights (13 of them) on how these firms will work as AI continues to take hold. Chunks of legal and accounting work, he suggested, will get sent to AI (that's #1) calling them 'total bye-byes.' Consulting, he said, will 'distill' things into a targeted set of realities around AI. He described a kind of musical chairs (that's #2) where companies will move into other market areas, big firms to mid-market, etc. as the change happens. As for the displacement of humans, Whittemore spoke to a demand for external validation that, he suggested, will keep the HITL (human in the loop) in play. Enterprises will divide into two categories, either slicing headcount, or use a 'flexible roster' of partners, consultants and fellow travelers. 'Personally, I'm pretty inclined towards smaller, more liberal organizations powered by a flexible roster of partners and consultants,' he said, 'because I think it aligns also with people's (takes) on their professional services, figuring out how far they can take it with AI.' Then there's Whittemore's theorization of new products and new lines of business, as well as 'new practices' (that's #4 on the list, read the list for the others.) His caveat: these predictions are 'ridiculously generic' and nobody really knows what the future holds. 'I think the way that this plays out is going to be pretty enterprise by enterprise,' he said. In the second half of the podcast, he suggested that business people are going to be 'Jerry Macguiring,' where they start to have a different picture of enterprise value. He talked about small teams of consultants managing large swarming agents as a 'default model' and suggested that 'pricing experiments' are going to become common. Buyers, he concluded, are going to prioritize intangibles. Here's another of Whittemore's points: people want to work with people who they like working with, or, in the parlance of his list, 'j𝘂𝗱𝗴𝗲𝗺𝗲𝗻𝘁, 𝘁𝗮𝘀𝘁𝗲𝗮𝗻𝗱𝗘𝗤𝗮𝗹𝗹𝗮𝗹𝘀𝗼𝗿𝗶𝘀𝗲𝗮𝘀𝗺𝗼𝗮𝘁𝘀𝗳𝗼𝗿𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝘁𝘀.' (That's #10). More from Whittemore: the value of prototyping, a prediction of companies operating in what he called 'iteration-land,' and an advantage to parties who can build frameworks for the AI future. 'Continuous iteration requires data measurement, analytics, and systems,' he said, 'to make sense of it all: I think these are table stakes aspects of engagements, now that consultants and professional services firms just have to build in an understanding and an expectation of how they're going to measure their impact.' There's a lot of insight here, and if you want to go back and read the whole thing over again, I wouldn't blame you. Whittemore goes over a lot of his analysis at lightning speed. But you do see certain things crop up time and time again – The idea that rapid change is going to shake out in certain ways, and that companies and people need to pivot as our AI revolution keeps heating up. Check it out.
Bloomberg
35 minutes ago
- Bloomberg
Apple's WWDC Kicks Off With an AI Focus
Apple's annual developer's conference may refocus Wall Street's attention on its struggles with artificial intelligence. The WWDC event isn't expected to feature much in the way of major AI releases. That could shine a light on Apple's shortfalls with the critical technology. Bloomberg Technology Co-Host Ed Ludlow joined Bloomberg Open Interest from Cupertino, California to talk about what to expect. (Source: Bloomberg)
