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

Portillos

06/08/2024 14:32

* Portillos Inc  PTLO.OQ  reported quarterly adjusted
earnings of
10 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 11 cents per share. Wall Street expected
results to range from 7 cents to 14 cents per share.
    * Revenue rose 7.5% to $181.86 million from a year ago;
analysts
expected $184.44 million. 
    * Portillos Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $6.47
million.
    * Portillos Inc shares had fallen by 8.6% this quarter and
lost 44.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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
$14.00 
This summary was machine generated from LSEG data August 6 at
01:32 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      0.11           0.10           Missed
 Mar. 31 2024      0.07           0.08           Beat
 Dec. 31 2023      0.04           0.13           Beat
 Sep. 30 2023      0.07           0.07           Met