YUM - Domino's Pizza Reported Solid Third Quarter Results - Raising Price Target On Improved Long-Term Growth Outlook
- F3Q2020 revenues of ~$968 million beat analyst projections by ~$12.8 million.
- EPS of $2.49 missed consensus estimates by $0.28.
- Increased focus on China as a significant growth driver.
- We’re increasing our 1-year Price Target to $498/share from the prior $450/share. Reiterate Buy Rating.
For further details see:
Domino's Pizza Reported Solid Third Quarter Results - Raising Price Target On Improved Long-Term Growth Outlook