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

Portillos

02/11/2023 14:49

* Portillos Inc  PTLO.OQ  reported quarterly adjusted
earnings of
7 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 2 cents to 8 cents per share.
    * Revenue rose 10.4% to $166.81 million from a year ago;
analysts
expected $170.72 million. 
    * Portillos Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $4.36
million.
    * Portillos Inc shares had fallen by 2.2% this quarter and
lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.5%
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 8 "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
$24.00 
This summary was machine generated from LSEG data November 2 at
02:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.07           0.07           Met
 Jun. 30 2023      0.13           0.12           Missed
 Mar. 31 2023      0.02           -0.01          Missed
 Dec. 31 2022      0.01           0.08           Beat