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2d ago

Darden Restaurants Set to Report Q1 Results With Street Expecting $2.01 EPS and $3.04 Billion Revenue

Investor focus centers on guidance, dividend yield and recent price-target moves as shares trade near $210.

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Overview

  • Darden is scheduled to release fiscal Q1 results before the opening bell on Thursday, Sept. 18.
  • Consensus forecasts call for EPS of $2.01 on $3.04 billion in revenue, versus $1.75 and $2.76 billion a year earlier.
  • Recent analyst actions include Keybanc trimming its target to $240 (Overweight) and Truist reiterating Buy with a $252 target, with BMO, JPMorgan and Raymond James also updating targets this summer.
  • Darden’s annual dividend totals $6.00 per share for a yield of about 2.83%, which equates to roughly $6,000 a year on about 1,000 shares at recent prices.
  • Shares traded around $210–$212 this week, and a Forbes/Trefis review notes DRI has posted a positive one-day move after earnings about 55% of the time with a median gain of 5.8%.