Darden Restaurants Inc reports results for the quarter ended February 28 - Earnings Summary

• Darden Restaurants Inc DRI.N reported quarterly adjusted earnings of $2.80​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $2.62. The mean expectation of twenty eight analysts for the quarter was for earnings of $2.79 per share. Wall Street expected results to range from $2.75 to $2.88 per share.

• Revenue rose 6.2% to $3.16 billion from a year ago; analysts expected $3.21 billion.

• Darden Restaurants Inc's reported EPS for the quarter was $2.74​.

• The company reported quarterly net income of $323.4 million.

• Darden Restaurants Inc shares had risen by 0.8% this quarter.

FORECAST CHANGES

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

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 12 "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 $205.50

This summary was machine generated from LSEG data March 20 at 01:30 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)