Darden Restaurants Inc reports results for the quarter ended August 31 - Earnings Summary

• Darden Restaurants Inc DRI.N reported quarterly adjusted earnings of $3.66​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.97. The mean expectation of twenty seven analysts for the quarter was for earnings of $2.06 per share. Wall Street expected results to range from $3.58 to $3.68 per share.

• Revenue rose 13.7% to $3.72 billion from a year ago; analysts expected $3.73 billion.

• Darden Restaurants Inc's reported EPS for the quarter was $3.51​.

• The company reported quarterly net income of $404.9 million.

• Darden Restaurants Inc shares had risen by 3.7% this quarter and gained 16.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Darden Restaurants Inc is $235.00, about 9.1% above its last closing price of $213.69

This summary was machine generated from LSEG data September 24 at 02:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)