What's Happening with PLAY
Dave & Buster's (PLAY) is scheduled to report its fourth-quarter numbers April 2. The company will announce its numbers after the market close with the consensus calling for earnings of $0.63 on revenue of $325.5 million. During the same period last year Dave & Buster's earned $0.61 on revenue of $304.9 million. PLAY is up 11.1% on the year.
Technical Analysis
PLAY was recently trading at $49.52 down $17.53 from its 12-month high and $11.67 above its 12-month low. InvestorsObserver's Stock Score Report gives PLAY a 55 long-term technical score and a 65 short-term technical score. The stock has recent support above $46 and recent resistance below $52. Of the 9 analysts who cover the stock 8 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 72 from InvestorsObserver's Stock Score Report.
Analysts' Thoughts
PLAY sold off during the final months of 2018, but the stock stabilized in January and remains up slightly over 11% year to date. The company has posted better than expected numbers on both the top and bottom line each of the last three quarters, and the street expects another upbeat report for the most recent quarter with a whisper number of $0.67. The stock is reasonably priced with a forward P/E of 16.5 and analysts forecast earnings growth of 12% per annum over the next five years. Given the valuation and forecast strong growth the stock should build on its gains for the year barring any negative surprises in the quarterly report. Analysts have an average price target of $61.89 on the stock.