Potbelly Corporation (NASDAQ:PBPB) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PBPB to report 3Q20 loss of $ 0.39 per share.
For the full year, analysts anticipate top line of $ 311.83 million, while looking forward to loss of $ 1.6 per share bottom line.
Previous Quarter Performance
Potbelly Corporation outlined loss for the second quarter of $ 0.63 per share, from the revenue of $ 56.16 million. According to street consensus, PBPB was expected to report 2Q20 loss of $ 0.46 per share from revenue of $ 65.14 million. The bottom line results missed street analysts by $ 0.17 or 36.96 percent, at the same time, top line results fell short of analysts by $ 8.98 million or 13.79 percent.
Stock Performance
Shares of Potbelly Corporation traded up $ 0.12 or 3.58 percent on Wednesday, reaching $ 3.47 with volume of 288.10 thousand shares. Potbelly Corporation has traded high as $ 3.61 and has cracked $ 3.30 on the downward trend
The closing price of $ 3.47, representing a 123.33 % increase from the 52 week low of $ 1.50 and a 44.17 % decrease over the 52 week high of $ 6.00.
The company has a market capital of $ 87.70 million and is part of the Consumer Cyclical sector and Restaurants industry.
Conference Call
Potbelly Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.potbelly.com
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.
