Earnings Preview: What To Expect From Dave & Buster’s Today

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Dave & Buster Entertainment Inc. is due to report earnings by the end of Tuesday. In 2017, the stock hit a record high of $73.48 and is currently trading near $34. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock could easily slide down. To help you prepare, Street is looking forward to:

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Earnings Preview:

The company expects to report $324.16 million in revenue on earnings of $0.12/share. Meanwhile, the so-called whisper number is a profit of $0.17/share. The Whisper number is the Street’s unofficial outlook on earnings.

A closer look at the fundamentals:

After March 2020, the company’s earnings were affected due to the Kovid-19 lockdown. Both sales and earnings have improved a lot since the end of the lockdown. Earnings grew by three digits in the last two quarters while sales grew by 643% and 66% in the last two quarters! If this trend continues, shareholders will be pleased. Going forward, analysts expect the company to earn $2.27/share in 2022 and $2.70/share in 2023. Remember, these are estimates and can easily change.

A closer look at the tech:

Technically, the stock enjoyed a major rally from March 2020 lows and has formed a fresh ground to digest that move in the last 8-9 months. The bulls want to defend the support near $31 and then see the stock bounce above $41-42 in the near future.

Pay attention to how the stock reacts to the news,

From where I sit, the most important feature I look for during earnings season is how the market and a specific company react to the news. Remember, always keep your losses small and never argue with tape.

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