Papa John's International Inc (PZZA) Q3 2024 Earnings Report Preview: What to Expect

Author's Avatar
Nov 06, 2024
Article's Main Image

Papa John's International Inc (PZZA, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $497.27 million, and the earnings are expected to come in at $0.42 per share. The full year 2024's revenue is expected to be $2.04 billion and the earnings are expected to be $1.89 per share. More detailed estimate data can be found on the Forecast page.

Papa John's International Inc (PZZA, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Papa John's International Inc (PZZA) for the full year 2024 have declined from $2.09 billion to $2.04 billion, and for 2025, the estimates have decreased from $2.18 billion to $2.11 billion. Earnings estimates have also been revised downward, from $2.24 per share to $1.89 per share for the full year 2024, and from $2.81 per share to $2.62 per share for 2025.

Papa John's International Inc (PZZA, Financial) Reported History

In the previous quarter of June 30, 2024, Papa John's International Inc's (PZZA) actual revenue was $507.89 million, which missed analysts' revenue expectations of $520.52 million by -2.43%. Papa John's International Inc's (PZZA) actual earnings were $0.37 per share, which missed analysts' earnings expectations of $0.56 per share by -33.33%. After releasing the results, Papa John's International Inc (PZZA) was up by 1.74% in one day.

1854136071101771776.png

Papa John's International Inc (PZZA, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 15 analysts, the average target price for Papa John's International Inc (PZZA) is $59.61 with a high estimate of $85 and a low estimate of $45. The average target implies an upside of 4.09% from the current price of $57.27.

Based on GuruFocus estimates, the estimated GF Value for Papa John's International Inc (PZZA, Financial) in one year is $85.96, suggesting an upside of 50.1% from the current price of $57.27.

Based on the consensus recommendation from 18 brokerage firms, Papa John's International Inc's (PZZA, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

1854136123425714176.png

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.