Potbelly Corp (PBPB) Expected to Announce Earnings of $0.07 Per Share

Equities analysts predict that Potbelly Corp (NASDAQ:PBPB) will announce earnings per share of $0.07 for the current quarter, according to Zacks. Two analysts have issued estimates for Potbelly’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.08. Potbelly reported earnings of $0.15 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 53.3%. The firm is expected to report its next earnings results before the market opens on Friday, February 23rd.

On average, analysts expect that Potbelly will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.31. For the next fiscal year, analysts expect that the firm will report earnings of $0.36 per share, with EPS estimates ranging from $0.34 to $0.40. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Potbelly.

A number of analysts recently weighed in on PBPB shares. BidaskClub downgraded Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Zacks Investment Research downgraded Potbelly from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. Finally, Maxim Group restated a “hold” rating and issued a $13.00 price objective (up from $12.00) on shares of Potbelly in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.25.

Potbelly (NASDAQ:PBPB) traded down $0.15 during midday trading on Wednesday, reaching $12.15. The company had a trading volume of 94,700 shares, compared to its average volume of 157,070. The firm has a market capitalization of $301.37, a P/E ratio of 135.02, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. Potbelly has a 1-year low of $10.50 and a 1-year high of $14.28.

A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Potbelly during the fourth quarter valued at $154,000. Municipal Employees Retirement System of Michigan bought a new stake in Potbelly during the fourth quarter valued at $373,000. Macquarie Group Ltd. bought a new position in shares of Potbelly during the 4th quarter worth about $166,000. Fondren Management LP bought a new position in shares of Potbelly during the 4th quarter worth about $947,000. Finally, Two Sigma Securities LLC bought a new position in shares of Potbelly during the 4th quarter worth about $155,000. 71.28% of the stock is currently owned by institutional investors and hedge funds.

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Potbelly Company Profile

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

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