Analysts Expect Potbelly Corp (NASDAQ:PBPB) to Post -$0.23 Earnings Per Share

Analysts expect that Potbelly Corp (NASDAQ:PBPB) will post earnings of ($0.23) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Potbelly’s earnings, with the lowest EPS estimate coming in at ($0.30) and the highest estimate coming in at ($0.18). Potbelly reported earnings of ($0.02) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 1,050%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Potbelly will report full-year earnings of ($1.11) per share for the current financial year, with EPS estimates ranging from ($1.26) to ($0.96). For the next fiscal year, analysts expect that the company will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.55) to ($0.38). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Potbelly.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). The firm had revenue of $87.59 million for the quarter, compared to analyst estimates of $89.20 million. Potbelly had a negative net margin of 4.73% and a negative return on equity of 10.47%.

PBPB has been the subject of a number of research reports. ValuEngine cut Potbelly from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Zacks Investment Research raised Potbelly from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd.

Large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its position in shares of Potbelly by 65.8% in the fourth quarter. Bank of Montreal Can now owns 14,477 shares of the company’s stock worth $61,000 after buying an additional 5,746 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Potbelly in the first quarter worth about $80,000. Barclays PLC lifted its position in shares of Potbelly by 95.8% in the fourth quarter. Barclays PLC now owns 21,212 shares of the company’s stock worth $90,000 after buying an additional 10,380 shares during the last quarter. UBS Group AG lifted its position in shares of Potbelly by 93.5% in the fourth quarter. UBS Group AG now owns 27,979 shares of the company’s stock worth $118,000 after buying an additional 13,520 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Potbelly by 20.7% in the first quarter. Rhumbline Advisers now owns 41,982 shares of the company’s stock worth $130,000 after buying an additional 7,200 shares during the last quarter. 56.01% of the stock is owned by institutional investors.

PBPB traded up $0.21 during trading on Tuesday, reaching $2.36. 656,200 shares of the stock traded hands, compared to its average volume of 418,090. The stock has a market cap of $51.20 million, a price-to-earnings ratio of -2.95 and a beta of 1.17. Potbelly has a fifty-two week low of $1.50 and a fifty-two week high of $6.00. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.68 and a quick ratio of 0.64. The stock’s 50-day simple moving average is $2.34 and its two-hundred day simple moving average is $3.54.

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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