Entertainment venue operator Lucky Strike (NYSE: LUCK) will be announcing earnings results this Tuesday after market close. Here’s what you need to know.
Lucky Strike beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $301.2 million, up 6.1% year on year. It was a strong quarter for the company, with full-year revenue guidance exceeding analysts’ expectations and a solid beat of analysts’ adjusted operating income estimates.
Is Lucky Strike a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Lucky Strike’s revenue to grow 8.7% year on year to $282.9 million, slowing from the 14.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lucky Strike has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Lucky Strike’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 6.5%, and The Real Brokerage reported revenues up 52.6%, topping estimates by 6.5%. Nike traded up 6.5% following the results while The Real Brokerage was also up 3.9%.
Read our full analysis of Nike’s results here and The Real Brokerage’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Lucky Strike is down 19.1% during the same time and is heading into earnings with an average analyst price target of $13.55 (compared to the current share price of $8.38).
P.S. STOP buying the AI stocks everyone’s talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
