Equities analysts forecast that Potbelly Corp (NASDAQ:PBPB) will post $0.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Potbelly’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.13. Potbelly reported earnings of $0.07 per share in the same quarter last year, which suggests a positive year over year growth rate of 42.9%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, November 9th.
On average, analysts expect that Potbelly will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.36 to $0.38. For the next fiscal year, analysts expect that the business will report earnings of $0.44 per share, with EPS estimates ranging from $0.37 to $0.48. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Potbelly.
Potbelly (NASDAQ:PBPB) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $110.35 million for the quarter, compared to analyst estimates of $112.85 million. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%.
A number of equities analysts have commented on the company. ValuEngine raised Potbelly from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. BidaskClub raised Potbelly from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Maxim Group raised Potbelly from a “hold” rating to a “buy” rating and upped their price target for the company from $13.00 to $15.00 in a research note on Wednesday, October 10th.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Potbelly by 21.0% during the second quarter. First Trust Advisors LP now owns 27,106 shares of the company’s stock valued at $351,000 after acquiring an additional 4,711 shares during the period. Northern Trust Corp lifted its stake in shares of Potbelly by 2.0% during the first quarter. Northern Trust Corp now owns 247,955 shares of the company’s stock valued at $2,988,000 after acquiring an additional 4,876 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Potbelly by 9.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 115,800 shares of the company’s stock valued at $1,500,000 after acquiring an additional 9,647 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Potbelly by 15.8% during the third quarter. Wells Fargo & Company MN now owns 76,937 shares of the company’s stock valued at $947,000 after acquiring an additional 10,494 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Potbelly during the second quarter valued at $146,000. 73.11% of the stock is currently owned by institutional investors and hedge funds.
Potbelly stock opened at $11.51 on Tuesday. The firm has a market capitalization of $296.83 million, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. Potbelly has a 52 week low of $10.91 and a 52 week high of $14.15.
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 August 7, 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.
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