Potbelly Corp (PBPB) Expected to Post Earnings of $0.08 Per Share
Wall Street analysts expect that Potbelly Corp (NASDAQ:PBPB) will announce earnings per share (EPS) of $0.08 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Potbelly’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.01. Potbelly also posted earnings per share of $0.08 during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Friday, February 22nd.
On average, analysts expect that Potbelly will report full-year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.38. For the next financial year, analysts anticipate that the business will report earnings of $0.41 per share, with EPS estimates ranging from $0.34 to $0.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Potbelly.
Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Friday, November 9th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $107.00 million for the quarter, compared to analysts’ expectations of $109.82 million. Potbelly had a negative net margin of 2.72% and a positive return on equity of 7.23%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share.
Shares of NASDAQ PBPB traded up $0.18 during trading hours on Tuesday, reaching $10.75. 440,600 shares of the stock traded hands, compared to its average volume of 194,723. The stock has a market cap of $276.47 million, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.00 and a beta of 0.78. Potbelly has a 52-week low of $10.00 and a 52-week high of $14.15.
A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Potbelly by 1.6% in the 3rd quarter. Renaissance Technologies LLC now owns 2,161,600 shares of the company’s stock worth $26,588,000 after purchasing an additional 33,300 shares during the period. Blair William & Co. IL increased its stake in Potbelly by 3.2% in the 3rd quarter. Blair William & Co. IL now owns 355,414 shares of the company’s stock worth $4,372,000 after purchasing an additional 11,127 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Potbelly by 171.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,800 shares of the company’s stock worth $391,000 after purchasing an additional 20,100 shares during the period. Dimensional Fund Advisors LP increased its stake in Potbelly by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,258 shares of the company’s stock worth $17,937,000 after purchasing an additional 33,158 shares during the period. Finally, Granite Investment Partners LLC increased its stake in Potbelly by 143.3% in the 3rd quarter. Granite Investment Partners LLC now owns 37,503 shares of the company’s stock worth $462,000 after purchasing an additional 22,087 shares during the period. 73.50% of the stock is currently owned by institutional investors and hedge funds.
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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