Yum Brands (YUM) reported quarterly earnings of $1.58 per share, beating estimates and showing growth from last year’s $1.37 per share. The company’s revenues of $1.98 billion also exceeded expectations. Yum’s stock has gained 3.9% this year, but its future performance will depend on management’s commentary during the earnings call.
In the retail industry, Yum belongs to, the company has surpassed EPS estimates three times in the last four quarters. Investors are wondering what’s next for Yum’s stock. Analysts are closely watching earnings outlook and estimate revisions. The current Zacks Rank for Yum is #3 (Hold), indicating in-line performance with the market. Consensus EPS estimate for the coming quarter is $1.80.
Papa John’s (PZZA) is another player in the industry set to report quarterly results soon. Analysts expect earnings of $0.40 per share, down 7% YoY, and revenues of $525.88 million, up 3.8% from last year. The stock’s performance will also be influenced by industry outlook, with Retail – Restaurants currently ranking low compared to other industries.
Read more at Nasdaq: Yum Brands (YUM) Surpasses Q3 Earnings and Revenue Estimates
