RBC Capital analysts provided their outlook on Domino’s Pizza, Inc. (NYSE:DPZ) ahead of the upcoming Q3 earnings announcement, scheduled on October 13.
The analysts expect Q3 EPS to be $2.92, down from their prior $3.15 estimate and below the Street’s estimate of $2.98. With valuation near multi-year lows– and the company’s valuation premium to highly-franchised global peers effectively gone–the analysts see potential upside risk with earnings against a lowered bar.

The analysts believe a potential miss is largely baked into the company’s share price, driven by broader pizza category delivery challenges, as well as concerns/debates tied to the brand’s recent promotional activity.
The analysts lowered their price target on the company’s shares to $430 from $460 while maintaining their Outperform rating.

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