Analysts on Wall Street project that Dave & Buster's (PLAY) will announce quarterly earnings of $0.66 per share in its forthcoming report, representing a decline of 35.9% year over year. Revenues are projected to reach $547.99 million, declining 8.5% from the same quarter last year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 9.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

Bearing this in mind, let's now explore the average estimates of specific Dave & Buster's metrics that are commonly monitored and projected by Wall Street analysts.

It is projected by analysts that the 'Entertainment revenues' will reach $354.75 million. The estimate suggests a change of -6.4% year over year.

Analysts' assessment points toward 'Food and beverage revenues' reaching $193.21 million. The estimate indicates a year-over-year change of -12.3%.

The consensus among analysts is that 'Stores Count - End of Period' will reach 232. Compared to the present estimate, the company reported 220 in the same quarter last year.

View all Key Company Metrics for Dave & Buster's here>>>

Shares of Dave & Buster's have demonstrated returns of -4.6% over the past month compared to the Zacks S&P 500 composite's -5.3% change. With a Zacks Rank #5 (Strong Sell), PLAY is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Dave & Buster's Entertainment, Inc. (PLAY) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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