Casual restaurant chain Dine Brands (NYSE:DIN) will be reporting earnings tomorrow morning. Here’s what you need to know.
Dine Brands missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $195 million, down 3.7% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ same-store sales estimates.
Is Dine Brands a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dine Brands’s revenue to decline 2.6% year on year to $200.9 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.35 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dine Brands has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Dine Brands’s peers in the sit-down dining segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Brinker International delivered year-on-year revenue growth of 26.5%, beating analysts’ expectations by 9.6%, and BJ's reported revenues up 6.4%, topping estimates by 2.3%. Brinker International traded up 18% following the results while BJ's was also up 6.6%.
Read our full analysis of Brinker International’s results here and BJ’s results here.
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