Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Just Reported Earnings, And Analysts Cut Their Target Price

Simply Wall St.12-14

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) missed earnings with its latest third-quarter results, disappointing overly-optimistic forecasters. Revenues missed expectations somewhat, coming in ...

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Revenues missed expectations somewhat, coming in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dave-busters-entertainment-inc-nasdaq-132338353.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dave & Buster's Entertainment, Inc. 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(NASDAQ:PLAY) Just Reported Earnings, And Analysts Cut Their Target Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-14 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/dave-busters-entertainment-inc-nasdaq-132338353.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) missed earnings with its latest third-quarter results, disappointing overly-optimistic forecasters. Revenues missed expectations somewhat, coming in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dave-busters-entertainment-inc-nasdaq-132338353.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://finance.yahoo.com/news/dave-busters-entertainment-inc-nasdaq-132338353.html","article_id":"2491564313","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/OEkvRDVWDAzB6NWkyySfoA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/b92ce08f4e871c6e137e8b720b721336"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491564313","pubTimestamp":1734182618,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Dave & Buster's Entertainment, Inc.  missed earnings with its latest third-quarter results, disappointing overly-optimistic forecasters. Revenues missed expectations somewhat, coming in at US$453m, but statutory earnings fell catastrophically short, with a loss of US$0.84 some 114% larger than what the analysts had predicted. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest  post-earnings forecasts for next year.Check out our latest analysis for Dave & Buster's Entertainment. NasdaqGS:PLAY Earnings and Revenue Growth December 14th 2024. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Unfortunately, the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"NDAQ":"纳斯达克OMX交易所","PLAY":"Dave & Buster",".IXIC":"NASDAQ Composite"},"translate_title":"Dave&Buster's Entertainment，Inc.（纳斯达克：PLAY）刚刚公布财报，分析师下调了目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NDAQ":1,"PLAY":1},"content_text":"Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) missed earnings with its latest third-quarter results, disappointing overly-optimistic forecasters. Revenues missed expectations somewhat, coming in at US$453m, but statutory earnings fell catastrophically short, with a loss of US$0.84 some 114% larger than what the analysts had predicted. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. \n Check out our latest analysis for Dave & Buster's Entertainment \n\n\n\n  NasdaqGS:PLAY Earnings and Revenue Growth December 14th 2024\n \n\n Taking into account the latest results, the current consensus from Dave & Buster's Entertainment's ten analysts is for revenues of US$2.25b in 2026. This would reflect a modest 2.6% increase on its revenue over the past 12 months. Per-share earnings are expected to surge 38% to US$3.06. Before this earnings report, the analysts had been forecasting revenues of US$2.31b and earnings per share (EPS) of US$3.47 in 2026. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates. \n The consensus price target fell 18% to US$39.71, with the weaker earnings outlook clearly leading valuation estimates. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Dave & Buster's Entertainment at US$48.00 per share, while the most bearish prices it at US$33.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable. \n Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Dave & Buster's Entertainment's revenue growth is expected to slow, with the forecast 2.0% annualised growth rate until the end of 2026 being well below the historical 22% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 9.9% per year. Factoring in the forecast slowdown in growth, it seems obvious that Dave & Buster's Entertainment is also expected to grow slower than other industry participants. \nThe Bottom Line \n The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business. \n With that in mind, we wouldn't be too quick to come to a conclusion on Dave & Buster's Entertainment. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Dave & Buster's Entertainment analysts - going out to 2027, and you can see them free on our platform here. \n You should always think about risks though. Case in point, we've spotted   4 warning signs for Dave & Buster's Entertainment  you should be aware of, and 1 of them is a bit unpleasant. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491564313"}