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

Noodles & Co

10/05/2024 10:05

* Noodles & Co  NDLS.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of three analysts for the quarter
was for a loss of 17 cents per share. Wall Street expected
results to range from -21 cents to -13 cents per share.
    * Revenue fell 3.7% to $121.40 million from a year ago;
analysts
expected $121.41 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 risen by 12.6% this quarter and
lost 31.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 166.7% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 May 10 at
09:04 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
 Mar. 31 2024      -0.17          -0.13          Beat
 Dec. 31 2023      -0.01          -0.07          Missed
 Sep. 30 2023      -0.01          0.04           Beat
 Jun. 30 2023      0.06           -0.02          Missed