Darden Restaurants Inc. ($DRI) Stock Forecast: Up 8.4% Today

What is Darden Restaurants Inc.?

Darden Restaurants, Inc. (DRI) operates well-known restaurant chains such as Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen. The company's stock, DRI, experienced significant bullish movement today.

Why is Darden Restaurants Inc. going up?

DRI stock is up 8.4% on Sep 19, 2024 19:48

• Despite Darden Restaurants' first-quarter fiscal 2025 earnings and revenues falling short of estimates, the stock displayed bullish movement. Potential reasons for this include:
• Investors may be encouraged by the positive influence of new restaurant openings on the company's revenue growth.
• Market confidence in Darden Restaurants' ability to address declining same-restaurant sales.
• The stock's positive response to quarterly results, despite missing analyst consensus estimates for adjusted earnings per share and sales.
• Analysts' anticipated improvements in quarterly earnings from the previous year may have also contributed to the bullish movement.

DRI Price Chart

DRI Technical Analysis

DRI News

Darden's Earnings and Revenues Underperform Estimates in Q1

DRI's first-quarter fiscal 2025 top line benefits from new restaurant openings. Yet, dismal same-restaurant sales dampen overall growth.

https://www.zacks.com/stock/news/2338749/dardens-earnings-and-revenues-underperform-estimates-in-q1

What's Going On With Darden Restaurants ( DRI ) Stock Today? - Darden Restaurants ( NYSE:DRI )

Darden Restaurants, Inc. DRI shares are trading higher. The company reported first-quarter financial results today. The company reported adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion.

https://www.benzinga.com/news/earnings/24/09/40943086/darden-misses-q1-earnings-estimates-partners-with-uber-for-delivery-expansion

Darden Restaurants ( DRI ) Lags Q1 Earnings and Revenue Estimates

Darden Restaurants (DRI) delivered earnings and revenue surprises of -3.31% and 1.40%, respectively, for the quarter ended August 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2338333/darden-restaurants-dri-lags-q1-earnings-and-revenue-estimates

Darden Restaurants Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Darden Restaurants ( NYSE:DRI )

Darden Restaurants, Inc. DRI will release earnings results for its fiscal 2025 first quarter, before the opening bell on Thursday, Sept. 19. Analysts expect the Orlando, Florida-based company to report quarterly earnings at $1.84 per share, up from $1.78 per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/09/40876180/darden-restaurants-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-mos

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Darden Restaurants Inc. Price History

19.08.2024 - DRI Stock was up 5.3%

• Analysts expect Darden Restaurants to report positive quarterly earnings of $1.84 per share, surpassing last year's earnings.
• Although there were concerns about a possible earnings beat, investors appear optimistic about the company's performance.
• The anticipation of favorable earnings results likely fueled the bullish movement in DRI stock today.
• Investors are demonstrating confidence in Darden Restaurants' capacity to overcome obstacles and achieve robust financial outcomes.

19.08.2024 - DRI Stock was up 7.9%

• The bullish movement in DRI stock today can be attributed to the following factors:
• Despite missing analyst estimates for earnings per share and quarterly sales, the market may have reacted positively to the fact that the company's revenue still exceeded expectations.
• Investors might be optimistic about the future performance of Darden Restaurants, considering the slight revenue surprise in the first quarter.
• The market could be focusing on the company's ability to adapt and recover from any setbacks in the current economic climate, leading to increased confidence among investors.
• Overall, the bullish movement in DRI stock today could be a reflection of investors looking beyond the missed estimates and focusing on the company's resilience and potential for growth in the upcoming quarters.

19.08.2024 - DRI Stock was up 8.4%

• Despite Darden Restaurants' first-quarter fiscal 2025 earnings and revenues falling short of estimates, the stock displayed bullish movement. Potential reasons for this include:
• Investors may be encouraged by the positive influence of new restaurant openings on the company's revenue growth.
• Market confidence in Darden Restaurants' ability to address declining same-restaurant sales.
• The stock's positive response to quarterly results, despite missing analyst consensus estimates for adjusted earnings per share and sales.
• Analysts' anticipated improvements in quarterly earnings from the previous year may have also contributed to the bullish movement.

23.05.2023 - DRI Stock was up 0.5%

• Darden Restaurants Inc (DRI) had a strong bullish movement today.
• The company reported mixed Q4 financial results and issued guidance, with sales growth of 6.4% YoY to $2.769 billion, beating the consensus EPS of $2.54.
• The positive results could be attributed to the reopening of the economy and increased consumer spending on dining out.
• The news articles about other companies are not related to the bullish movement of DRI.

21.02.2024 - DRI Stock was down 6.7%

• Lower-income customers reducing spending, particularly impacting the Fine Dining segment.
• Missed revenue forecasts and reduced sales outlook due to a challenging operating environment.
• Quarterly sales fell short of estimates despite profit growth.
• Consumer behavior favoring higher-income households is a notable trend affecting Darden Restaurants' performance and market activity.

22.05.2023 - DRI Stock was down 4.3%

• DRI had a strong bearish movement today.
• DRI is scheduled to announce Q4 earnings results tomorrow, June 22nd.
• Analysts are bullish about DRI ahead of Q4 earnings, but there is uncertainty in the market due to the Fear and Greed Index remaining in the "Extreme Greed" zone and the FTC filing a lawsuit against Amazon.com over its Prime sign up.
• The market may be reacting to the uncertainty surrounding DRI's upcoming earnings report and the overall market sentiment.