What to Expect From Darden Restaurants’ Upcoming Q2 Results?

RBC Capital analysts provided their outlook on the upcoming Q2 earnings of Darden Restaurants, Inc. (NYSE:DRI), scheduled to be announced on Dec 16. The analysts raised their EPS estimate for Q2 to $1.51 from $1.47, compared to the Street estimate of $1.44. Their above-consensus estimate is led by better-than-anticipated consolidated comp growth, driven in part by Olive Garden strength, as well as a potentially more favorable cost environment.

The analysts also raised their fiscal 2023 EPS estimate to $7.86 from $7.68 and their price target to $155 from $144, while maintaining their Outperform rating.