Analysts Expect Potbelly Corporation (PBPB) to Post $0.09 Earnings Per Share

Equities research analysts predict that Potbelly Corporation (NASDAQ:PBPB) will announce $0.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Potbelly Corporation’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.10. Potbelly Corporation reported earnings of $0.15 per share in the same quarter last year, which suggests a negative year over year growth rate of 40%. The business is expected to report its next earnings results on Friday, November 3rd.

On average, analysts expect that Potbelly Corporation will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.30 to $0.33. For the next fiscal year, analysts anticipate that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.34 to $0.40. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Potbelly Corporation.

Potbelly Corporation (NASDAQ:PBPB) last released its quarterly earnings data on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.68%. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. During the same quarter last year, the business earned $0.12 earnings per share. Potbelly Corporation’s quarterly revenue was up 2.2% compared to the same quarter last year.

Several research firms have commented on PBPB. Maxim Group reiterated a “hold” rating and set a $11.00 price objective on shares of Potbelly Corporation in a research report on Friday. Zacks Investment Research lowered shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Robert W. Baird reiterated a “hold” rating and set a $13.00 price objective on shares of Potbelly Corporation in a research report on Friday, October 20th. Piper Jaffray Companies upgraded shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, BidaskClub upgraded shares of Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.67.

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Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in shares of Potbelly Corporation in the 1st quarter worth about $150,000. Highland Private Wealth Management bought a new stake in shares of Potbelly Corporation in the 2nd quarter worth about $146,000. Dubuque Bank & Trust Co. lifted its holdings in shares of Potbelly Corporation by 8.6% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 13,151 shares of the company’s stock worth $151,000 after acquiring an additional 1,037 shares during the last quarter. Engine Capital Management LLC bought a new stake in shares of Potbelly Corporation in the 2nd quarter worth about $154,000. Finally, Karp Capital Management Corp bought a new stake in shares of Potbelly Corporation in the 1st quarter worth about $191,000. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Potbelly Corporation (PBPB) traded down $0.45 during mid-day trading on Monday, reaching $11.05. 471,697 shares of the company’s stock traded hands, compared to its average volume of 282,180. Potbelly Corporation has a fifty-two week low of $10.50 and a fifty-two week high of $14.55. The company has a market capitalization of $277.64, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.84 and a beta of 0.90.

About Potbelly Corporation

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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