Zacks: Brokerages Expect Potbelly Corp (PBPB) Will Post Earnings of -$0.02 Per Share

Brokerages expect Potbelly Corp (NASDAQ:PBPB) to post ($0.02) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Potbelly’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.05). Potbelly reported earnings per share of $0.03 during the same quarter last year, which would suggest a negative year over year growth rate of 166.7%. The business is expected to announce its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Potbelly will report full-year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.24 to $0.32. For the next fiscal year, analysts forecast that the firm will post earnings of $0.30 per share, with EPS estimates ranging from $0.29 to $0.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Potbelly.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Monday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $102.37 million for the quarter, compared to analyst estimates of $103.65 million. Potbelly had a positive return on equity of 6.81% and a negative net margin of 2.10%. Potbelly’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share.



Several research analysts recently weighed in on PBPB shares. Maxim Group reissued a “buy” rating and set a $12.00 price target on shares of Potbelly in a research report on Monday, January 28th. Bank of America set a $9.00 price target on Potbelly and gave the company a “sell” rating in a research report on Tuesday, February 26th. Zacks Investment Research raised Potbelly from a “hold” rating to a “strong-buy” rating and set a $9.75 price target on the stock in a research report on Friday, January 25th. Finally, ValuEngine lowered Potbelly from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Potbelly has a consensus rating of “Hold” and an average target price of $9.92.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in Potbelly by 1.6% in the 3rd quarter. Renaissance Technologies LLC now owns 2,161,600 shares of the company’s stock worth $26,588,000 after purchasing an additional 33,300 shares during the last quarter. BlackRock Inc. increased its position in Potbelly by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,696,625 shares of the company’s stock worth $13,657,000 after purchasing an additional 39,857 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Potbelly by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,258 shares of the company’s stock worth $17,937,000 after purchasing an additional 33,158 shares during the last quarter. Vanguard Group Inc increased its position in Potbelly by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock worth $16,119,000 after purchasing an additional 75,769 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Potbelly by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,310,489 shares of the company’s stock worth $16,119,000 after purchasing an additional 75,769 shares during the last quarter. 72.77% of the stock is currently owned by institutional investors.

NASDAQ:PBPB opened at $9.00 on Tuesday. The firm has a market cap of $215.82 million, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03. Potbelly has a 1-year low of $7.71 and a 1-year high of $14.15.

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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