Domino's Pizza Inc. (DPZ) saw its stock surge 5.07% during intraday trading on Thursday, as investors showed optimism ahead of the company's upcoming second-quarter earnings release.

The pizza delivery giant is scheduled to report its quarterly results before the opening bell on Monday, with analysts expecting earnings of $4.17 per share, up from $3.81 per share in the same period last year. Revenue is projected to reach $1.18 billion, compared to $1.15 billion a year ago.

Despite recent price target reductions from several Wall Street analysts who maintained their ratings on the stock, the market appears to be anticipating a positive earnings surprise, driving the share price higher during the trading session.