Wingstop Inc. (NASDAQ:WING) is reporting third quarter financial results on Monday 2nd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, WING is expected to report 3Q20 income of $ 0.34 per share from revenue of $ 63.68 million.
For the full year, analysts anticipate top line of $ 249.63 million, while looking forward to income of $ 1.29 per share bottom line.
Previous Quarter Performance
Wingstop Inc. revealed income for the second quarter of $ 0.34 per share, from the revenue of $ 66.11 million. The quarterly earnings up 100.00 percent while revenues up 39.68 percent compared with the same quarter last year.
According to street consensus, WING was expected to report 2Q20 income of $ 0.29 per share from revenue of $ 62.42 million. The bottom line results beat street analysts by $ 0.05 or 17.24 percent, at the same time, top line results outshined analysts by $ 3.69 million or 5.91 percent.
Stock Performance
On Friday, shares of Wingstop Inc. has traded high as $ 120.16 and has cracked $ 115.89 on the downward trend, reaching $ 116.33 with volume of 740.20 thousand shares.
According to the previous trading day, closing price of $ 116.33, representing a 170.86 % increase from the 52 week low of $ 44.27 and a 29.46 % decrease over the 52 week high of $ 170.00.
The company has a market capital of $ 3.44 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 137.00 target price.
- On 7th October 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 153.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.14 per share on July 29, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 28, 2020 and ex-dividend date on August 27, 2020.
Conference Call
Wingstop Inc. will be hosting a conference call at 10:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wingstop.com
Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
