Quant Ratings Updated on 84 Stocks
We’re moving deeper into the second-quarter earnings season, which means Wall Street is getting busier, too. The good news is earnings are definitely working, which is bad news for the companies that miss analysts’ estimates. Case in point: Domino’s Pizza, Inc. (NYSE: DPZ ). The company reported a mixed second quarter last Thursday. For the quarter, earnings declined nearly 10% year-over-year to $2.82 per share, which was just short of analysts’ expectations for earnings of $2.90 per share. Revenue increased about 4% to $1.07 billion. However, same-store sales slipped 2.9% and international same-store sales dropped 2.2%. Company management commented, “We continued to navigate a difficult labor market, especially for delivery drivers, in addition to inflationary pressures combined with COVID and stimulus-fueled sales comps from the prior two years in the U.S.” Following the weak results, DPZ shares fell about 2% on significantly above-average volume. The reason why I’m talking to you about Domino’s Pizza today is because the uptick in sell volume coupled with the company’s dwindling fundamental health dropped DPZ to a D-rating in Portfolio Grader over the weekend.
Quant Ratings Updated on 84 Stocks
We’re moving deeper into the second-quarter earnings season, which means Wall Street is getting busier, too. The good news is earnings are definitely working, which is bad news for the companies that miss analysts’ estimates. Case in point: Domino’s Pizza, Inc. (NYSE: DPZ ). The company reported a mixed second quarter last Thursday. For the quarter, earnings declined nearly 10% year-over-year to $2.82 per share, which was just short of analysts’ expectations for earnings of $2.90 per share. Revenue increased about 4% to $1.07 billion. However, same-store sales slipped 2.9% and international same-store sales dropped 2.2%. Company management commented, “We continued to navigate a difficult labor market, especially for delivery drivers, in addition to inflationary pressures combined with COVID and stimulus-fueled sales comps from the prior two years in the U.S.” Following the weak results, DPZ shares fell about 2% on significantly above-average volume. The reason why I’m talking to you about Domino’s Pizza today is because the uptick in sell volume coupled with the company’s dwindling fundamental health dropped DPZ to a D-rating in Portfolio Grader over the weekend.