Recap: Noodles Q4 Earnings
Portfolio Pulse from Benzinga Insights
Noodles & Co. (NASDAQ:NDLS) reported Q4 earnings with an EPS of $-0.07, missing estimates by -600% against an expected $-0.01. Revenue decreased by $12.15 million from the previous year. Despite a positive performance in Q3 2023, this quarter's results fell short of expectations.
March 07, 2024 | 9:30 pm
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Noodles & Co. reported significantly lower Q4 earnings than expected, with a -600% miss on EPS estimates and a notable year-over-year revenue decline.
The substantial miss in earnings expectations and the decrease in revenue compared to the previous year are likely to negatively impact investor sentiment and stock price in the short term. Historical data shows that past earnings performance, such as the positive surprise in Q3 2023, can influence stock price movements. However, the magnitude of the miss in this quarter's earnings is significant, suggesting a potential negative reaction in the stock price.
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