{"id":41424,"date":"2023-10-12T13:05:08","date_gmt":"2023-10-12T13:05:08","guid":{"rendered":"https:\/?p=41424"},"modified":"2023-10-12T13:05:08","modified_gmt":"2023-10-12T13:05:08","slug":"dpz-stock-forecast-dominos-tops-q3-earnings-expectations","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/dpz-stock-forecast-dominos-tops-q3-earnings-expectations\/","title":{"rendered":"DPZ Stock Forecast: Domino’s Tops Q3 Earnings Expectations."},"content":{"rendered":"

Domino’s Pizza (<\/span>DPZ:NYE<\/span><\/a>) delivered a delectable surprise in its third-quarter fiscal report, with earnings per diluted share soaring to $4.18, marking an impressive 49.8% year-over-year increase. This impressive performance surpassed market expectations, which had pegged earnings at $3.31 per share. Simultaneously, the popular pizza chain’s sales reached $1.03 billion for the quarter, registering a slight 3.9% dip from the previous year, although it fell just shy of analysts’ projections set at $1.05 billion. This article will highlight how these events affect the DPZ stock forecast.<\/span><\/p>\n

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Mixed Same-Store Sales Performance:<\/span><\/h2>\n

During the third quarter of 2023, Domino’s reported a marginal 0.6% drop in same-store sales. In contrast, international same-store sales, when adjusted for currency exchange fluctuations, experienced a gratifying 3.3% ascent.<\/span><\/p>\n

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Future Projections:<\/span><\/h2>\n

Domino’s shared its outlook for the future, expressing its anticipation of global net store growth for 2023 to trend in line with, or slightly below, the lower end of its 5% to 7% two-to-three-year forecast. Furthermore, the company’s forecast for global retail sales growth in FY23, excluding currency exchange influences, is expected to land just under the midpoint of its 4% to 8% range over the next two to three years.<\/span><\/p>\n

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DPZ Stock Forecast:<\/span><\/h2>\n

Based on the DPZ stock forecast from 23 seasoned analysts, the average target price is USD 393.57 for October 2024. The average analyst rating for the company is a resounding “Buy.” Stock Target Advisor’s analysts are “Slightly Bullish.” This assessment is based on 6 positive and 4 negative signals.<\/span><\/p>\n

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Current Performance:<\/span><\/h2>\n

At the last closing, the stock price was USD 354.05. This price has changed by -4.57% over the past week,-10.34 % over the past month, and +16.66% over the last year.<\/span><\/p>\n

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DPZ Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n