Domino’s on the Street: What the Analysts Recommend after 3Q17
As of October 13, 2017, Domino’s Pizza (DPZ) stock was trading at $192.98. On the same day, analysts were expecting the company’s stock price to reach $217.06 over the next 12…
As of October 13, 2017, Domino’s was trading at a forward PE multiple of 29.9x, compared with 32.3x before the announcement of its 3Q17 earnings.
For 3Q17, Domino’s Pizza (DPZ) posted adjusted EPS (earnings per share) of $1.27, which represents a 32.3% YoY (year-over-year) rise from $0.96 in 3Q16.
In fiscal 3Q17, Domino’s (DPZ) posted EBIT of $117.7 million, which represents an EBIT margin of 18.3%, compared with 17.8% in 3Q16.
During the past four quarters, Domino’s has increased its overall unit count by 1,182 restaurants, which represents unit growth of 8.2%.
In 3Q17, Domino’s Pizza (DPZ) posted SSSG (same-store sales growth) of 8.4% in domestic restaurants and 5.1% in international restaurants.
For 3Q17, Domino’s Pizza (DPZ) posted revenues of $643.6 million, outperforming the analysts’ estimate of $627.4 million by 2.6%.
On October 12, Domino’s posted 3Q17 adjusted EPS of $1.27 on revenues of $643.6 million—a 32.3% year-over-year rise in EPS and a 13.6% rise in revenues.
Department stores JCPenney (JCP), Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS) have “hold” ratings from a majority of analysts right now.
Analysts have lukewarm expectations for the sales of department stores this year as online retailers such as Amazon (AMZN) are eating away at market shares.
US retail e-commerce sales grew 16.2% on a YoY basis in 2Q17. The US e-commerce sales as a percentage of total retail sales reached 8.9% in 2Q17.
Department stores and retailers are taking serious initiatives to gear up for the crucial 2017 holiday season.
The US holiday season is the most important sales season for US retailers and department stores.
Last week, Tesla stock (TSLA) traded on a mixed note and ended the week with a minor fall of 0.40% against a minor rise of 0.20% for the S&P 500 benchmark (SPY).
Last week, which ended October 13, 2017, Fiat Chrysler (FCAU) stock remained mixed and witnessed a minor rise of 0.90%.
In the week ended October 13, 2017, Ford (F) stock settled at $12.05, a weekly fall of 2.1%. It was the first loss after seven consecutive weeks of gains.
Last week, which ended October 13, 2017, General Motors (GM) stock settled at $45.88 with a 2.1% rise from the previous week’s closing price.
Last week, the stocks of automakers General Motors (GM), Fiat Chrysler (FCAU), and Ferrari (RACE) continued to outperform the broader market, rising 2.1%, 0.90%, and 2.1%, respectively.
Nordstrom (JWN) stock is rated a “hold” by 17 of the 28 (or 61.0%) analysts covering the stock.
Nordstrom (JWN) stock fell 5.3% to $40.40 on October 16, 2017, in reaction to the news that the Nordstrom family suspended its efforts to take the company private.