Dave & Buster's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Dave & Buster’s Entertainment, Inc. PLAY will release earnings results for its third quarter, after the closing bell on Tuesday, Dec. 10.

Analysts expect the Coppell, Texas-based company to report a quarterly loss at 36 cents per share, compared to a year-ago profit of 1 cent per share in the year-ago period. Dave & Buster’s projects to report revenue of $463.74 million for the recent quarter, compared to $466.9 million a year earlier, according to data from Benzinga Pro.

Dave & Buster’s reported better-than-expected second-quarter earnings in September, but missed revenue expectations after the company saw comparable sales decline 6.3%.

Dave & Buster’s shares fell 4% to close at $35.39 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• BMO Capital analyst Andrew Strelzik maintained an Outperform rating and cut the price target from $55 to $51 on Nov. 26. This analyst has an accuracy rate of 71%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and slashed the price target from $59 to $56 on Nov. 26. This analyst has an accuracy rate of 77%.
• Benchmark analyst Mike Hickey initiated coverage on the stock with a Hold rating on Oct. 7. This analyst has an accuracy rate of 76%.
• Piper Sandler analyst Nicole Miller Regan downgraded the stock from Overweight to Neutral but raised the price target from $50 to $71 on April 4. This analyst has an accuracy rate of 68%.
• UBS analyst Dennis Geiger maintained a Neutral rating and raised the price target from $60 to $66 on April 3. This analyst has an accuracy rate of 76%.

Considering buying PLAY stock? Here’s what analysts think:

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