Wall Street brokerages predict that Potbelly Corp (NASDAQ:PBPB) will announce earnings of $0.06 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Potbelly’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.07. Potbelly posted earnings per share of $0.13 during the same quarter last year, which indicates a negative year-over-year growth rate of 53.8%. The business is scheduled to announce its next earnings report on Tuesday, August 6th.

On average, analysts expect that Potbelly will report full-year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $0.00. For the next fiscal year, analysts forecast that the business will post earnings of $0.12 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Potbelly.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $98.09 million for the quarter, compared to analysts’ expectations of $100.96 million. Potbelly had a positive return on equity of 3.85% and a negative net margin of 6.01%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share.

Several equities analysts have recently weighed in on the stock. Maxim Group set a $7.00 target price on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average price target of $8.92.

Shares of NASDAQ:PBPB traded down $0.02 during trading on Tuesday, hitting $4.44. 127,546 shares of the stock traded hands, compared to its average volume of 278,674. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.56 and a current ratio of 0.62. The stock has a market capitalization of $106.31 million, a P/E ratio of 29.60 and a beta of 1.37. The business’s fifty day simple moving average is $4.83. Potbelly has a 52-week low of $4.24 and a 52-week high of $14.15.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in Potbelly by 97.1% in the 4th quarter. Millennium Management LLC now owns 629,545 shares of the company’s stock worth $5,068,000 after acquiring an additional 310,119 shares in the last quarter. Geode Capital Management LLC increased its holdings in Potbelly by 16.3% in the 4th quarter. Geode Capital Management LLC now owns 306,747 shares of the company’s stock worth $2,468,000 after acquiring an additional 42,963 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Potbelly by 287.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,032 shares of the company’s stock worth $49,000 after acquiring an additional 4,474 shares in the last quarter. BlackRock Inc. increased its holdings in Potbelly by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,696,625 shares of the company’s stock worth $13,657,000 after acquiring an additional 39,857 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Potbelly by 32.6% in the 4th quarter. Jane Street Group LLC now owns 14,789 shares of the company’s stock worth $119,000 after acquiring an additional 3,634 shares in the last quarter. 72.40% of the stock is owned by institutional investors.

About Potbelly

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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