Portillos Inc reports results for the quarter ended in December - Earnings Summary

Portillos

27/02/2024 14:31

* Portillos Inc  PTLO.OQ  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from -3 cents to 7 cents per share.
    * Revenue rose 24.5% to $187.86 million from a year ago;
analysts
expected $184.23 million. 
    * Portillos Inc's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $7.79
million.
    * Portillos Inc shares had fallen by 13.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.3%
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 9 "strong buy" or "buy," 2
"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 Portillos Inc is
$20.00 
This summary was machine generated from LSEG data February 27 at
02:31 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
 Dec. 31 2023      0.04           0.13           Beat
 Sep. 30 2023      0.07           0.07           Met
 Jun. 30 2023      0.13           0.12           Missed
 Mar. 31 2023      0.02           -0.01          Missed