Arcade company Dave & Buster’s (NASDAQ:PLAY) will be reporting results tomorrow afternoon. Here’s what you need to know.
Dave & Buster’s missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $453 million, down 3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Dave & Buster’s a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dave & Buster’s revenue to decline 9% year on year to $545.4 million, a reversal from the 6.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Dave & Buster’s peers in the leisure facilities segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Live Nation’s revenues decreased 2.4% year on year, beating analysts’ expectations by 1.4%, and Planet Fitness reported revenues up 19.4%, topping estimates by 4.9%. Live Nation traded down 1.9% following the results while Planet Fitness was also down 8.9%.
Read our full analysis of Live Nation’s results here and Planet Fitness’s results here.
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