DPZ - Domino's Pizza: Wait For The Results Before Buying
2024-02-23 02:42:05 ET
Summary
- Domino's Pizza stock has risen 23% in the past year, supported by earnings growth, even as revenue has declined for the first nine months of its fiscal year.
- While Q4 2023 can see a pickup in revenue growth, the full-year figure is still expected to disappoint. Profits, however, look good with double-digit rise seen.
- 2024 could be a better one for revenues, though it's hard to see significant margin expansion from here. As a result, the forward P/E indicates a limited price upside for now.
The world's biggest pizza company, Domino's Pizza (DPZ), has performed well in the stock markets in the past year, with its 23% price rise. This increase has been supported by earnings growth and consistent earnings surprises each quarter over the past year (see chart below), even as it disappointed on revenues....
Domino's Pizza: Wait For The Results Before Buying