$0.10 Earnings Per Share Expected for Potbelly Corp (PBPB) This Quarter

Brokerages expect Potbelly Corp (NASDAQ:PBPB) to announce $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Potbelly’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.13. Potbelly reported earnings per share of $0.07 in the same quarter last year, which suggests a positive year-over-year growth rate of 42.9%. The business is scheduled to announce its next quarterly earnings results on Friday, November 2nd.

On average, analysts expect that Potbelly will report full-year earnings of $0.37 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.38. For the next year, analysts anticipate that the company will report earnings of $0.44 per share, with EPS estimates ranging from $0.37 to $0.48. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Potbelly.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%. The business had revenue of $110.35 million for the quarter, compared to the consensus estimate of $112.85 million.

Several brokerages have recently commented on PBPB. BidaskClub upgraded Potbelly from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. ValuEngine raised Potbelly from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Finally, Maxim Group raised Potbelly from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.67.

Several hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its holdings in shares of Potbelly by 21.0% in the second quarter. First Trust Advisors LP now owns 27,106 shares of the company’s stock worth $351,000 after purchasing an additional 4,711 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Potbelly by 2.0% in the first quarter. Northern Trust Corp now owns 247,955 shares of the company’s stock worth $2,988,000 after purchasing an additional 4,876 shares during the last quarter. Swiss National Bank increased its holdings in shares of Potbelly by 13.1% in the first quarter. Swiss National Bank now owns 42,200 shares of the company’s stock worth $509,000 after purchasing an additional 4,900 shares during the last quarter. Barclays PLC increased its holdings in shares of Potbelly by 24.1% in the first quarter. Barclays PLC now owns 26,056 shares of the company’s stock worth $313,000 after purchasing an additional 5,066 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Potbelly by 28.3% in the first quarter. New York State Common Retirement Fund now owns 24,500 shares of the company’s stock worth $295,000 after purchasing an additional 5,400 shares during the last quarter. 71.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Potbelly stock traded down $0.55 during trading hours on Friday, hitting $12.46. The company’s stock had a trading volume of 325,100 shares, compared to its average volume of 176,963. Potbelly has a 12-month low of $11.05 and a 12-month high of $14.15. The company has a market capitalization of $338.33 million, a price-to-earnings ratio of 41.26, a PEG ratio of 2.07 and a beta of 0.81.

Potbelly Company Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.

Further Reading: How to calculate the intrinsic value of a stock

Get a free copy of the Zacks research report on Potbelly (PBPB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Potbelly (NASDAQ:PBPB)

Receive News & Ratings for Potbelly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply