Domino’s (NYSE: DPZ) Q3 earnings preview

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The world's largest pizza chain Domino's Pizza (NYSE: DPZ) is set to announce its third-quarter 2021 financial results on Thursday, Oct. 14. During the second quarter, Domino's global retail sales growth increased by 17.1% from the year prior.

A consensus of estimates for the upcoming Q3 2021 Domino’s results arrive at the following:

  • Revenue for the quarter of $1.03 billion
  • Earnings per share (EPS) for the quarter of $3.11
The $DPZ stock is currently supported at $465 and the resistance is around $505. Technically the overall momentum remains bearish. However, there is a possibility that Domino’s stock could slightly rebound if the company exceeds expectations. On the downside, a drop below $465 will invalidate the short-term bullish view.

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$DPZ key technical levels to watch this week:

  • Support: $472 and $465
  • Resistance: $490 and $502
In the long term, watch for monthly closing above $505 or below $440 area, that will give a larger confirmation of direction in the long term.

Read more- https://gulfbrokers.com/en/dominos-nyse-dpz-q3-earnings-preview
 
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