Wall Street brokerages expect Potbelly Corp (NASDAQ:PBPB) to report $64.10 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Potbelly’s earnings. The lowest sales estimate is $62.40 million and the highest is $65.80 million. Potbelly posted sales of $105.63 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 39.3%. The business is expected to report its next earnings results on Tuesday, August 4th.
On average, analysts expect that Potbelly will report full year sales of $331.80 million for the current fiscal year, with estimates ranging from $320.00 million to $343.60 million. For the next year, analysts anticipate that the firm will post sales of $376.70 million, with estimates ranging from $358.70 million to $394.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Potbelly.
Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, May 12th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Potbelly had a negative return on equity of 10.47% and a negative net margin of 4.73%. The company had revenue of $87.59 million during the quarter, compared to analysts’ expectations of $89.20 million.
A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake in Potbelly by 13.1% in the first quarter. Invesco Ltd. now owns 79,799 shares of the company’s stock worth $247,000 after acquiring an additional 9,238 shares during the period. Two Sigma Advisers LP purchased a new stake in Potbelly in the first quarter worth about $80,000. Wells Fargo & Company MN lifted its stake in Potbelly by 50.5% in the first quarter. Wells Fargo & Company MN now owns 61,700 shares of the company’s stock worth $191,000 after acquiring an additional 20,691 shares during the period. Geode Capital Management LLC lifted its stake in Potbelly by 2.4% in the first quarter. Geode Capital Management LLC now owns 330,905 shares of the company’s stock worth $1,022,000 after acquiring an additional 7,913 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in Potbelly by 6.2% in the first quarter. Nuveen Asset Management LLC now owns 88,452 shares of the company’s stock worth $273,000 after acquiring an additional 5,184 shares during the period. 56.01% of the stock is owned by institutional investors.
PBPB stock traded up $0.21 during mid-day trading on Thursday, reaching $2.36. 656,200 shares of the stock traded hands, compared to its average volume of 418,090. The business has a 50-day moving average price of $2.34 and a two-hundred day moving average price of $3.54. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.64 and a current ratio of 0.68. The stock has a market capitalization of $51.20 million, a PE ratio of -2.95 and a beta of 1.17. Potbelly has a one year low of $1.50 and a one year high of $6.00.
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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