Analysts Anticipate Potbelly Corp (NASDAQ:PBPB) Will Announce Quarterly Sales of $105.35 Million

Analysts expect Potbelly Corp (NASDAQ:PBPB) to report sales of $105.35 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Potbelly’s earnings, with the highest sales estimate coming in at $106.40 million and the lowest estimate coming in at $104.30 million. Potbelly reported sales of $107.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The firm is expected to report its next quarterly earnings report on Friday, November 8th.

According to Zacks, analysts expect that Potbelly will report full year sales of $411.65 million for the current fiscal year, with estimates ranging from $409.10 million to $414.20 million. For the next financial year, analysts expect that the company will post sales of $419.15 million, with estimates ranging from $419.10 million to $419.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Potbelly.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.08). The firm had revenue of $105.60 million during the quarter, compared to the consensus estimate of $106.01 million. Potbelly had a negative net margin of 6.45% and a positive return on equity of 0.10%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share.

Several analysts recently weighed in on the company. Maxim Group set a $4.00 price objective on Potbelly and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine raised Potbelly from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Potbelly from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.58.

Potbelly stock traded up $0.02 during midday trading on Thursday, hitting $4.06. The stock had a trading volume of 70,835 shares, compared to its average volume of 169,373. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 2.89. The stock has a market cap of $96.02 million, a P/E ratio of 14.00 and a beta of 1.22. Potbelly has a 12 month low of $3.10 and a 12 month high of $13.07. The business has a fifty day moving average price of $4.37 and a 200 day moving average price of $5.49.

Several large investors have recently bought and sold shares of PBPB. Marshall Wace LLP bought a new position in shares of Potbelly during the second quarter valued at approximately $66,000. Walleye Trading LLC bought a new position in shares of Potbelly during the second quarter valued at approximately $67,000. AdvisorNet Financial Inc bought a new position in shares of Potbelly during the second quarter valued at approximately $86,000. Royal Bank of Canada grew its holdings in shares of Potbelly by 469.0% during the second quarter. Royal Bank of Canada now owns 28,764 shares of the company’s stock valued at $146,000 after purchasing an additional 23,709 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Potbelly by 178.8% during the second quarter. Parametric Portfolio Associates LLC now owns 32,548 shares of the company’s stock valued at $166,000 after purchasing an additional 20,872 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Potbelly Company Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.

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Earnings History and Estimates for Potbelly (NASDAQ:PBPB)

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