Domino's Pizza Stock Hot Before Earnings

The stock has a mixed post-earnings past

Deputy Editor
Oct 10, 2023 at 11:57 AM
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Domino's Pizza, Inc. (NYSE:DPZ) is gearing for its third-quarter earnings report, due out before the open this Thursday, Oct. 12. Analysts' average earnings estimate for the pizza company is $3.30 per share, with an expected drop in revenue to $1.05 from $1.07 billion in the same quarter last year.

DPZ has a mixed post-earnings history. During its last eight reports, Domino's stock suffered four negative next-day returns, three positive returns, and remained unchanged the session following its March 2022 report. Domino's Pizza stock averaged a 4.4% post-earnings swing during this time period, regardless of direction, which is nearly half the 8.4% move options traders are pricing in this time around. 

Options traders have been incredibly bearish ahead of the event. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio of 1.64 stands higher than 91% of readings from the past 12 months. 

Domino's stock was last seen 2.1% higher at $357.61, increasing its small year-to-date lead to just over 3%. Year on year, however, the equity is up 15.4%, and staging a strong rebound from multi-month lows. 

DPZ Chart October 102023

 

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