Darden Restaurants Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Darden Restaurants, Inc. DRI is expected to report its financial results for its fiscal 2024 first quarter, before the opening bell on Sept. 21, 2023.

Analysts expect the company to post quarterly earnings at $1.73 per share, up from year-ago earnings of $1.56 per share. The company’s revenue might come in at $2.71 billion, compared to $2.47 billion in the year-ago period.

Darden Restaurants shares fell 0.2% to close at $149.46 on Wednesday.

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.

• TD Cowen analyst Andrew Charles reiterated an Outperform rating with a price target of $175 on Sept. 20, 2023. This analyst has an accuracy rate of 72%.
• Raymond James analyst Brian Vaccaro maintained an Outperform rating and cut the price target from $175 to $165 on Sept. 14, 2023. This analyst has an accuracy rate of 80%.
• Keybanc analyst Eric Gonzalez maintained an Overweight rating and slashed the price target from $185 to $175 on Sept. 14, 2023. This analyst has an accuracy rate of 76%.
• Citigroup analyst Jon Tower maintained a Buy rating and decreased the price target from $195 to $184 on Sept. 8, 2023. This analyst has an accuracy rate of 70%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and raised the price target from $163 to $177 on June 23, 2023. This analyst has an accuracy rate of 83%.

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