Recap: Potbelly Q4 Earnings
Portfolio Pulse from Benzinga Insights
Potbelly (NASDAQ:PBPB) reported Q4 earnings with a -33.0% miss on estimated EPS, achieving $0.02 versus the expected $0.03. Revenue increased by $5.60 million from the same period last year. In the previous quarter, Potbelly exceeded EPS estimates, leading to a 10.0% share price increase the following day.
March 07, 2024 | 9:15 pm
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NEGATIVE IMPACT
Potbelly reported a significant miss on Q4 earnings with a -33.0% deviation from expected EPS, but showed an increase in revenue compared to last year.
The significant miss in EPS expectations is likely to negatively impact investor sentiment in the short term, especially considering the stock's positive reaction to the previous quarter's earnings beat. However, the increase in revenue may provide some buffer against a steep decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100