Portillos Inc (NASDAQ:PTLO) Expected to Announce Earnings of -$0.42 Per Share

Analysts predict that Portillos Inc (NASDAQ:PTLO) will report earnings of ($0.42) per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Portillos’ earnings, with estimates ranging from ($0.50) to ($0.33). The company is expected to issue its next quarterly earnings report on Thursday, February 17th.

According to Zacks, analysts expect that Portillos will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.18). For the next financial year, analysts forecast that the firm will post earnings of $0.32 per share, with EPS estimates ranging from $0.31 to $0.36. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Portillos.

Portillos (NASDAQ:PTLO) last announced its earnings results on Thursday, November 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.08). The business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $138.00 million. The company’s quarterly revenue was up 15.3% compared to the same quarter last year.

Several research analysts have weighed in on PTLO shares. Bank of America started coverage on Portillos in a research note on Monday, November 15th. They issued a “buy” rating and a $54.00 target price on the stock. Guggenheim began coverage on Portillos in a report on Monday, November 15th. They issued a “neutral” rating and a $45.00 price target for the company. William Blair began coverage on Portillos in a report on Monday, November 15th. They issued an “outperform” rating for the company. Stifel Nicolaus began coverage on Portillos in a report on Monday, November 15th. They issued a “hold” rating and a $45.00 price target for the company. Finally, Robert W. Baird raised Portillos from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, December 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $52.75.

Shares of PTLO stock opened at $28.86 on Friday. The company has a 50 day moving average of $38.48. Portillos has a twelve month low of $25.72 and a twelve month high of $57.73. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 3.22.

Portillos Company Profile

Portillo’s Inc provide fast-casual restaurant concept known for its menu of Chicago-style favorites. Portillo’s Inc is based in CHICAGO.

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Earnings History and Estimates for Portillos (NASDAQ:PTLO)

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