What's Happening with PLAY
Dave & Buster's (PLAY) will report its second-quarter numbers September 10. The company will report before the market open with the consensus calling for earnings of $0.86 per share, up from $0.84 last year. PLAY stock is down 5.2% on the year.
Technical Analysis
PLAY was recently trading at $42.21 down $24.84 from its 12-month high and $5 above its 12-month low. InvestorsObserver's Stock Score Report gives PLAY a 21 long-term technical score and a 47 short-term technical score. The stock has recent support above $38 and recent resistance below $46. Of the 11 analysts who cover the stock 6 rate it Strong Buy, 1 rate it Buy, 4 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, PLAY gets a score of 50 from InvestorsObserver's Stock Score Report.
Analysts' Thoughts
PLAY is trading just above its 52-week low after trading sharply lower following the company's first-quarter sales miss in June. The weaker than expected sales drove the stock to a 52-week low and shares have traded in a pretty tight sideways pattern since the sell off. Dave and Buster's remains a strong growth story with profits forecast to rise 12% per year over the next five years, and the stock currently trades at just 13 times future earnings. There is a lot of negativity priced into PLAY after last quarter's report, and with such a low valuation the downside is somewhat limited ahead of its Q2 report and there is a good chance for a strong rally as long as the company is able to report numbers that are in-line with the consensus on both the top and bottom line. Analysts believe the stock is trading in oversold territory and have an average price target of $53.33.