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Saturday, April 17, 2021

DPZ Is Going To Put Up A Quarterly Sales Sum Of $978.57 Million

Several analysts at Wall Street have predicted that the stocks of DPZ will be posting a sales sum of $978.57 million in the current quarter. According to a report from Zacks Investment Research, nine of the analysts covering the firm have already provided estimates into the earnings of the company from a sales sum of $949.25 million to $999.2 million.

The company had previously posted a sales sum of $873.10 million the previous year, so this indicates an annual growth rate of 12.1%. The company will be issuing its next quarterly result on the 22nd of April.

The Quarterly Estimates of DPZ

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The stocks of DPZ previously issued their quarterly data on the 25th of February. The EPS reported by the restaurant operator was $3.46, which missed out on the consensus by $3.79. The company has a -14.11% return on its equity with an 11.98% net margin. DPZ has also generated a revenue of $1.36 billion for the quarter, which was more than the consensus estimate of $1.38 billion. 

There have been quite a few research analysts that have already provided estimates into the company. Evercore ISI has already given the company a rating of outperform. Argus has gone ahead and dropped the price target of the company from $455 to $400, along with a rating of buy issued on the company. The Goldman Sachs Group has also started covering the firm as they gave it a rating of buy with a $425 price target.

Wedbush has decreased the price target from $500 to $475, along with a rating outperform. In the end, the Royal Bank of Canada also ended up lowering the price target from $449 to $428, with a rating of outperform. 

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Nine of the research analysts covering the stocks of DPZ have given it a rating of hold, while twenty-one of them have given it a rating of buy. Currently, DPZ has a buy rating, with a $421.22 price target. 

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