Earnings Preview : Q3 2024 Is Shaping Up To Be An Important Quarter For Wingstop ($WING)

26

Wingstop (NASDAQ: WING) has announced that it will be unveiling its third quarter financial results on Wednesday 30th October 2024. This eagerly anticipated announcement is scheduled to occur before market open, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.

the establishment is expected to report an estimated per share $0.95 profit for the quarter, as predicted by financial analysts on Wall Street. Furthermore, the company is anticipated to disclose a total revenue of $161.53 million during this period.

The company's full-year performance projections, as provided by Wall Street analysts, suggest a total revenue of $626.52 million. Further, they expect the earnings per share to achieve profit of $3.79 for the fiscal year.

During the same quarter of the previous year, the company's earnings report indicated a per-share income of $0.69. This noteworthy figure was a direct outcome of the company's total revenue, which reached an impressive $117.1 million during that specific period.

Period EPS
Actual
EPS
Growth*
Revenue
Actual
Revenue
Growth*
Historical Earnings Insight
Q2 2024 $0.93 +63.2% 155.70 M +45.3%
Q1 2024 $0.98 +66.1% 145.79 M +34.1%
Q4 2023 $0.64 +6.7% 127.06 M +21.2%
Q3 2023 $0.69 +53.3% 117.10 M +26.4%
Q2 2023 $0.57 +26.7% 107.17 M +27.9%
*Growth on year-over-year basis

 

WING will host a conference call with investment community on 30th October 2024 at 10:00 AM eastern time to discuss the financial results.

The previous trading day saw Wingstop (WING) shares trading between $362.83 and $371.60, besides a volume of 604.30 thousand shares. The stock closed Monday's regular trading session at $368.56, demonstrating 2.27 percent upturn.