Noodles & Co reports results for the quarter ended in December - Earnings Summary

Noodles & Co

08/03/2024 24:27

* Noodles & Co  NDLS.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of three analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -3 cents to 1 cents per share.
    * Revenue fell 8.9% to $124.32 million from a year ago;
analysts
expected $125.33 million. 
    * Noodles & Co's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $6.14 million.
    * Noodles & Co shares had fallen by 20.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 42.9%
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," no
"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 Noodles & Co is
$5.00 
This summary was machine generated from LSEG data March 8 at
12:26 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.01          -0.07          Missed
 Sep. 30 2023      -0.01          0.04           Beat
 Jun. 30 2023      0.06           -0.02          Missed
 Mar. 31 2023      -0.08          -0.05          Beat