-Domino’s Pizza on Thursday reported that its U.S. same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year.
-Shares of the company rose more than 11% in morning trading.
-Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $3.12 adjusted vs. $2.87 expected
Revenue: $1.03 billion vs. $972.3 million expected
-The pizza chain reported fiscal second-quarter net income of $116.6 million, or $3.06 per share, down from $118.7 million, or $2.99 per share, a year earlier.
-Currently, we have a hold position on this boy. Needs to cool down a little bit before continuing the rise.
-The estimate stock price by analysts for Dominos was standing at $625 (high), $535 (median) and $410 (low). Currently Dominos is super close to the high $625 price target where a strong resistance can be found. We expect the Dominos to rise to $600-620 levels and drop from there to more reasonable levels for the later rise.
-Shares of the company rose more than 11% in morning trading.
-Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $3.12 adjusted vs. $2.87 expected
Revenue: $1.03 billion vs. $972.3 million expected
-The pizza chain reported fiscal second-quarter net income of $116.6 million, or $3.06 per share, down from $118.7 million, or $2.99 per share, a year earlier.
-Currently, we have a hold position on this boy. Needs to cool down a little bit before continuing the rise.
-The estimate stock price by analysts for Dominos was standing at $625 (high), $535 (median) and $410 (low). Currently Dominos is super close to the high $625 price target where a strong resistance can be found. We expect the Dominos to rise to $600-620 levels and drop from there to more reasonable levels for the later rise.