Dave & Buster’s (PLAY) Expected to Deliver Another Earnings Beat

What's Happening With PLAY View more about PLAY >

Dave & Buster’s (PLAY) is scheduled to release its first-quarter results after the market close June 11 with analysts forecasting earnings of $1.14 per share on revenue of $369.5 million. During the same period last year the company reported earnings of $1.04 with sales of $322.2 million and the stock is up 11.4% year to date.

Technical Analysis

PLAY was recently trading at $49.74 down $17.31 from its 12-month high and $6.96 above its 12-month low. InvestorsObserver’s Stock Score Report gives PLAY a 42 long-term technical score and a 38 short-term technical score. The stock has recent support above $48 and recent resistance below $54. Of the 10 analysts who cover the stock 9 rate it Strong Buy, 1 rate it Buy, 0 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, PLAY gets a score of 59 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

PLAY shares are up a modest amount for the year, and were up much more before the overall market ran out of steam in May. The company has delivered top and bottom line beats the last four quarters, and the street expects another positive earnings surprise this quarter with a whisper number of $1.18. The May dip in the stock has created some nice value in the stock which is currently trading at just 14 times future earnings which analysts expect to rise 12% annually over the next five years. Dave & Buster’s has been a solid growth story in recent years, and analysts remain very bullish on the stock with an average price target of $64.75, which suggests 30% upside from its current price. Look for another solid report and the stock to find support and begin to erase some of its recent losses.

About Dave & Buster's Entertainment Inc.

Dave & Buster's Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports. The play division includes amusement, simulation, and video games, accounts for more than half of total company revenue. Food and beverage accounts for the rest. About one third of food and beverage revenue comes from alcoholic drinks, with the rest coming from food and nonalcoholic beverages.

  • Last Price:
  • Previous Close:
  • Change:
    $0.25 (0.61%)
  • Open:
  • Volume:
  • Average Volume (100 Day):
  • Market Capitalization:
    $1.5 B
  • Day's Range:
    $41.06 - $42.53
  • Dividend Yield:
  • 52-week Range:
    $67 - $37.21
  • P-E:
  • EPS:
  • Earnings Date:
  • Ex Dividend Date:
  • Sector:
    Consumer Cyclical
  • Industry:
  • Analyst Average Recommendation:
    Moderate Buy

Already a member?

Login to see your Stocks to Watch Trade Ideas.

Not yet a member?

Receive a Morning Action trade idea every market day in the Morning Update, plus Stocks to Watch Trade Ideas every Saturday.

Become A Member