Dennys Corporation (NASDAQ:DENN) is set to announce second quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DENN to report 2Q20 loss of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 323.73 million, while looking forward to income of $ 0.14 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 453.00 million ~ $ 459.00 million
Click Here For More Historical Outlooks Of Dennys Corporation
Previous Quarter Performance
Dennys Corporation came out with income for the first quarter of $ 0.17 per share, from the revenue of $ 96.69 million. The quarterly earnings escalated 30.77 percent while revenues lowered 35.03 percent compared with the same quarter last year.
According to street consensus, DENN was expected to report 1Q20 income of $ 0.13 per share from revenue of $ 101.55 million. The bottom line results beat street analysts by $ 0.04 or 30.77 percent, at the same time, top line results fell short of analysts by $ 4.86 million or 4.79 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of DENN was $ 8.62, representing a 91.56 % increase from the 52 week low of $ 4.50 and a 63.9 % decrease over the 52 week high of $ 23.88.
The company has a market capital of $ 480.21 million and is part of the Consumer Cyclical sector and Restaurants industry.
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Recent Analyst recommendations
- On 14th July 2020, maintained by Wedbush at Outperform rating, with $ 12.75 target price.
- On 13th July 2020, downgraded by Stephens to Equal-Weight from Overweight rating, with $ 10.00 target price.
Conference Call
Dennys Corporation will be hosting a conference call at 4:30 PM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.dennys.com
Dennys Corporation, through its subsidiary, Dennys, Inc., owns and operates full-service restaurant chains under the Dennys brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala. The company was formerly known as Advantica Restaurant Group, Inc.
