Dave & Buster's Stock Has a Lot to Prove on Tuesday
If there's a company that can use a good financial report here near the end of earnings season, it would have to be Dave & Buster's Entertainment (NASDAQ: PLAY). The big-box eatery and diversions hub is trading 9% lower than it was when it put out poorly received quarterly results three months ago. The stock has fallen 28% since peaking in early June. If Dave & Buster's wants to become a market darling again -- a shining beacon during the so-called restaurant recession -- it will have to turn heads on Tuesday, when it reports its fiscal third-quarter results.
Analysts are bracing for a mixed report. They see revenue climbing 12% to $259.1 million, a princely increase for most restaurant operators, but it would be the company's weakest top-line growth since going public in 2014. The news should be even worse on the bottom line, where Wall Street pros are targeting a profit of $0.24 a share. Dave & Buster's earned $0.25 a share a year earlier.
Image source: Dave & Buster's.
Source: Fool.com
