Should I buy dominos pizza before earnings call today
10/8/2024 08:46pm
**The decision to buy Domino's Pizza before the earnings call should be based on a comprehensive analysis of the company's financial health and market prospects. Here are key factors to consider:**
1. **Earnings Expectations**: Analysts expect Domino's Pizza to report earnings per share (EPS) of $3.67 and revenue of $1.1 billion for the third quarter, which represents a year-over-year decline and growth, respectively.
2. **Historical Performance**: Domino's has consistently surpassed earnings expectations, with an 8.9% earnings beat in the most recent quarter. This track record suggests strong operational performance.
3. **Market Position and Growth Strategies**: The company has been expanding its delivery and carryout segments and has introduced new menu items, which are likely to contribute to revenue growth. Additionally, strong sales momentum in international markets, particularly in China and India, is expected to support overall revenue.
4. **Dividend Yield**: Domino's offers an annual dividend yield of 1.47%, which can be attractive for income-focused investors.
5. **Valuation and Price Target**: The stock has been under pressure, but Bank of America Securities predicts a 38% rally, indicating confidence in the company's future performance.
6. **Recent Stock Performance**: Domino's stock has surged 12.8% over the past 52 weeks, despite underperforming the market indices.
Given these points, if you are looking for a stock with strong buy consensus and high growth potential, Domino's Pizza could be a good candidate. However, it's important to consider your investment goals, risk tolerance, and the current market conditions. It's also advisable to review the latest earnings estimates and any revisions by analysts, as well as the company's strategic initiatives and market trends that may impact future performance.