What to Expect From Darden Restaurants’ Q4 Earnings?
<p>RBC Capital analysts released their outlook on <a href='https://financialmodelingprep.com/financial-summary/DRI'>Darden Restaurants, Inc. (NASDAQ:DRI)</a> ahead of the company’s upcoming Q4 earnings, expected to be reported on June 23. </p>
<p>The analysts expect quarterly EPS of $2.21, compared to the Street estimate of $2.22 and implied guidance of $2.13-$2.28. For the full 2023 year, the analysts expect EPS of $8.01 and believe investor expectations are roughly in line with their thinking. </p>
<p>While the analysts continue to take a more conservative view compared to the Street estimates ($8.20 for 2023 EPS), they expect the company to provide a wide guidance range for key 2023 metrics—similar to 2022 guidance provided this time last year—which could potentially meet the Street's estimate at the high-end of the range. </p>
<p>Furthermore, the analysts believe the company will frame its guidance in the context of its long-term total shareholder return target of 10-15%.</p>

NASDAQ:DRI