Del Taco (TACO, $9.73) stock slides -7% on earnings miss, despite strong sales
Del Taco Restaurants' latest quarter earnings and its full-year guidance fell short of analyst expectations, causing its shares to lose -7% Tuesday.
The fast-food restaurant chain’s fourth quarter earnings came in at 18 cents per share, missing analysts’ estimates by a penny.
However, sales of $157.3 million beat analyst expectations by $290,000, and also registered a +7.2% year-over-year growth. System-wide comparable-restaurant sales increased +1.9% in the fourth quarter, which would be the 21st consecutive quarter of increase. The company’s comparable-restaurant sales rose +1.0%, marking the 26th consecutive quarter of gains.
For the full-year 2019, Del Taco predicts that its adjusted earnings per share will range between 47 cents and 52 cents, lower than the consensus expectation of 58 cents.
Industry description
Financial conglomerates usually encompass a wide range of financial services including (not necessarily limited to) investment banking, insurance, capital raising/underwriting, trading of financial securities, investment advisory services, wealth management of high net-worth individuals, and retail banking. Think Citigroup, American Express Company, ING Group.
Market Cap
The average market capitalization across the Financial Conglomerates Industry is 172M. The market cap for tickers in the group ranges from 1 to 590.24B. IMAQU holds the highest valuation in this group at 590.24B. The lowest valued company is MDCE at 1.
High and low price notable news
The average weekly price growth across all stocks in the Financial Conglomerates Industry was -0%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 16%. AUTR experienced the highest price growth at 50%, while KACLF experienced the biggest fall at -95%.
Volume
The average weekly volume growth across all stocks in the Financial Conglomerates Industry was -31%. For the same stocks of the Industry, the average monthly volume growth was 72% and the average quarterly volume growth was 75%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 49
P/E Growth Rating: 86
Price Growth Rating: 60
SMR Rating: 96
Profit Risk Rating: 99
Seasonality Score: -10 (-100 ... +100)