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

Portillos

07/05/2024 15:46

* Portillos Inc  PTLO.OQ  reported quarterly adjusted
earnings of
8 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 5 cents to 14 cents per share.
    * Revenue rose 6.3% to $165.83 million from a year ago;
analysts
expected $174.84 million. 
    * Portillos Inc's reported EPS for the quarter was 8 cents​.
    * The company reported quarterly net income of $4.56
million.
    * Portillos Inc shares had fallen by 14.5% this quarter and
lost 23.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, two 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
$20.00 
This summary was machine generated from LSEG data May 7 at 02:45
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
 Mar. 31 2024      0.07           0.08           Beat
 Dec. 31 2023      0.04           0.13           Beat
 Sep. 30 2023      0.07           0.07           Met
 Jun. 30 2023      0.13           0.12           Missed