Darden Restaurants Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Darden Restaurants, Inc. DRI will release earnings results for its fiscal 2024 fourth quarter, before the opening bell on Thursday.

Analysts expect the Orlando, Florida-based company to report a quarterly earnings at $2.61 per share, up from $2.58 per share in the year-ago period. Darden is projected to post quarterly revenue of $2.97 billion, compared to $2.77 billion a year earlier, according to data from Benzinga Pro.

On March 21, Darden Restaurants reported mixed results for its third quarter.

Darden shares gained 3.2% to close at $153.58 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Brian Vaccaro reiterated an Outperform rating and cut the price target from $175 to $167 on June 14. This analyst has an accuracy rate of 82%.
• TD Cowen analyst Andrew Charles maintained a Buy rating and slashed the price target from $190 to $170 on June 13. This analyst has an accuracy rate of 72%.
• Keybanc analyst Eric Gonzalez maintained an Overweight rating and slashed the price target from $177 to $170 on June 13. This analyst has an accuracy rate of 84%.
• Wedbush analyst Nick Setyan maintained an Outperform rating and cut the price target from $181 to $170 on June 11. This analyst has an accuracy rate of 84%.
• Citigroup analyst Jon Tower maintained a Buy rating and cut the price target from $192 to $191 on June 5. This analyst has an accuracy rate of 75%.

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