Wall Street brokerages expect Potbelly Corporation (NASDAQ:PBPB) to announce $0.07 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Potbelly’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.07. Potbelly posted earnings of $0.15 per share during the same quarter last year, which suggests a negative year over year growth rate of 53.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 13th.
On average, analysts expect that Potbelly will report full year earnings of $0.30 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.34 to $0.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Potbelly.
Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share.
Several brokerages have recently commented on PBPB. BidaskClub raised Potbelly from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Potbelly in a report on Tuesday, September 19th. Maxim Group reissued a “hold” rating and issued a $13.00 target price (up from $12.00) on shares of Potbelly in a report on Monday. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, Piper Jaffray Companies raised Potbelly from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.33.
A number of large investors have recently bought and sold shares of PBPB. Highland Private Wealth Management acquired a new position in Potbelly during the 2nd quarter worth $146,000. Engine Capital Management LLC acquired a new position in Potbelly during the 2nd quarter worth $154,000. Voya Investment Management LLC lifted its holdings in Potbelly by 19.6% during the 2nd quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after buying an additional 2,382 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new position in Potbelly during the 3rd quarter worth $186,000. Finally, First Trust Advisors LP acquired a new position in Potbelly during the 3rd quarter worth $231,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
Potbelly (PBPB) opened at $12.85 on Friday. The company has a market capitalization of $317.84, a P/E ratio of 34.21, a PEG ratio of 2.17 and a beta of 0.93. Potbelly has a 1-year low of $10.50 and a 1-year high of $14.55.
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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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