Potbelly Corp reports results for the quarter ended June 30 - Earnings Summary

• Potbelly Corp PBPB reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of three analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 8 cents to 10 cents per share.

• Revenue rose 3.4% to $123.71 million from a year ago; analysts expected $122.34 million.

• Potbelly Corp's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $2.49 million.

• Potbelly Corp shares had fallen by 9.5% this quarter and gained 17.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Potbelly Corp is $17.00, about 34.8% above its last closing price of $11.09

This summary was machine generated from LSEG data August 6 at 09:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)