Entertainment venue operator Lucky Strike (NYSE:LUCK) will be reporting results this Thursday morning. Here’s what investors should know.
Lucky Strike missed analysts’ revenue expectations last quarter, reporting revenues of $303.9 million, flat year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EBITDA guidance missing analysts’ expectations.
Is Lucky Strike a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Lucky Strike’s revenue to grow 2.4% year on year, slowing from the 12.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Lucky Strike has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Lucky Strike’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hilton Grand Vacations delivered year-on-year revenue growth of 50.8%, beating analysts’ expectations by 39.5%, and Hasbro reported revenues up 15%, topping estimates by 7.9%. Hilton Grand Vacations traded up 8.2% following the results while Hasbro was also up 15.7%.
Read our full analysis of Hilton Grand Vacations’s results here and Hasbro’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 4.7% on average over the last month. Lucky Strike is down 20.6% during the same time and is heading into earnings with an average analyst price target of $8.86 (compared to the current share price of $4.18).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.