Darden Restaurants, Inc. (NYSE:DRI) operatrr of full-service restaurants, is expected to report fourth quarter earnings results, before market open, on Thursday 25th June 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter loss of $ 1.72 per share.
Looking ahead, the full year income are expected at $ 2.65 per share on the revenues of $ 7782.67 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,961.00 million ~ $ 9,047.00 million, where as bottomline are predicted in a range of $ 6.30 ~ $ 6.45 per share
Stock Performance
According to the previous trading day, closing price of DRI was $ 70.81, representing a 170.78 % increase from the 52 week low of $ 26.15 and a 44.86 % decrease over the 52 week high of $ 128.41.
The company has a market capital of $ 9.19 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
On 11th June 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 91.00 target price.
On 2nd June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 56.00 target price.
On 21st May 2020, maintained by KeyBanc at Overweight rating, with $ 88.00 target price.
On 20th May 2020, maintained by Oppenheimer at Outperform rating, with $ 90.00 target price.
Conference Call
Darden Restaurants, Inc. will be hosting a conference call at 8:30 AM eastern time on 25th June 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 1-833-470-0145 (United States), and the passcode is 9995451 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.webcaster4.com/Webcast/Page/1007/35167
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 26, 2019, it owned and operated approximately 1,785 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddars Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie Vs Prime Seafood brands. The company also had 70 restaurants operated by independent third parties through development and franchise agreements located in the United States, the Middle East, and Latin America.
