Credit: Shutterstock photoDave & Buster's Entertainment PLAY just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 25 cents per share and revenues of $228.7 million. PLAY is a #3 (Hold) on the Zacks Rank, and is up 12.10% to $53.81 per share in after-hours trading.
Beat earnings estimates . The company reported earnings of 25 cents per share, beating the Zacks Consensus Estimate of 13 cents per share and growing a whopping 108% year-over-year. Net income was $10.8 million.
Beat revenue estimates . The company saw revenue figures of $228.7 million, also beating our consensus estimate of $213 million and growing 18.6% year-over-year.
Dave & Buster's saw comparable store sales increase 5.9% during the quarter, compared to an increase of 8.8% in the year-ago period.
Looking ahead, the company has raised its full-year fiscal 2016 financial outlook. Total revenues are expected to be in the range of $998 million to $1.003 billion. Q4 comps should fall between an increase of 2.5% and 4.5%, while net income is expected to be in the range of $86.5 million to $88.5 million.
"Dave & Buster's delivered exceptional quarterly results and we are pleased to be increasing our annual guidance. Our strength was broad-based as we experienced momentum across the country and throughout the quarter. Guests responded well to the conclusion of our 'Summer of Games' promotion, along with our subsequent football-related promotions," said Steve King, Chief Executive Officer.
Here's a graph that looks at Dave and Buster's' price, consensus, and EPS surprise:
DAVE&BUSTRS ENT Price, Consensus and EPS Surprise
DAVE&BUSTRS ENT Price, Consensus and EPS Surprise | DAVE&BUSTRS ENT Quote
Dave & Buster's Entertainment Inc. is an owner and operator of venues in North America that combine dining and entertainment. The Company offers its customers the opportunity to Eat, Drink, Play, and Watch in one location. Dave & Buster's Entertainment Inc. is headquartered in Dallas, Texas.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DAVE&BUSTRS ENT (PLAY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
