Darden Restaurants(NYSE:DRI) stock fell by 0.5% on Friday after the company reported its Q1 earnings results on Thursday, September 23, 2021 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Darden Restaurants beat their estimated earnings by 6.67%, which did not surprise analysts.
Revenue was up $779,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.24, which was followed by a 3.05% increase in the share price the next day.
Here’s a look at Darden Restaurants’s past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 1.65 | 1.79 | 0.69 | 0.71 | 0.05 |
| EPS Actual | 1.76 | 2.03 | 0.98 | 0.74 | 0.56 |
| Price Change % | -0.5% | 3.05% | 2.82% | -2.07% | -0.14% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Darden Restaurants sees FY22 sales of $9.4B-$9.6B.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
