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

Noodles & Co

07/08/2024 23:14

* Noodles & Co  NDLS.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of three analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -6 cents to -5 cents per share.
    * Revenue rose 1.8% to $127.35 million from a year ago;
analysts
expected $130.70 million. 
    * Noodles & Co's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $13.63 million.
    * Noodles & Co shares had risen by 1.9% this quarter and
lost 48.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
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
$4.00 
This summary was machine generated from LSEG data August 7 at
10:14 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.05          -0.05          Met
 Mar. 31 2024      -0.17          -0.13          Beat
 Dec. 31 2023      -0.01          -0.07          Missed
 Sep. 30 2023      -0.01          0.04           Beat