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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:40 EDTPBPB, PNRA, COSIPotbelly plummets to 52-week low after outlook falls short
Shares of sandwich maker Potbelly (PBPB) are tanking after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. WHAT'S NEW: Last night, Potbelly forecast Q2 adjusted earnings per share of approximately 6c and revenue of approximately $83.6M, far short of the consensus estimate of 12c and $86.66M, respectively. The company expects to report a decrease in company-operated comparable store sales of 1.6%, or a decrease of 0.9% when excluding the shift of the Easter holiday from the first fiscal quarter to the second fiscal quarter. WHAT'S NOTABLE: Based on the preliminary results for its second fiscal quarter, management revised its financial outlook for fiscal 2014. FY14 adjusted EPS is now expected to be 18c-21c, far below the consensus of 34c. For the fiscal year, Potbelly sees flat to negative low single-digit comparable store sales, compared to its previous guidance of low single-digit company-operated comparable store sales growth. PRICE ACTION: In late morning trading, Potbelly fell $3.50, or about 24%, to $11.15 on nearly seven times its average daily trading volume. Earlier in the session, the stock hit a new 52-week low of $10.95. Including today's pull back, the stock is down approximately 64% from its first day of public trading. Potbelly opened for trade at $28.66 on October 4 of last year after pricing its initial public offering at $14.00 per share. OTHERS TO WATCH: Other companies in the sandwich space include Panera Bread (PNRA) and Cosi (COSI), both of which are down about 1%.
News For PBPB;PNRA;COSI From The Last 14 Days
Check below for free stories on PBPB;PNRA;COSI the last two weeks.
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July 31, 2014
07:50 EDTPNRAPanera Bread showing encouraging signs, says Bernstein
After Panera reported higher than expected Q2 EPS but lower than expected revenue, Bernstein thinks the company's July comp trends were positive, implying strong sequential acceleration. Bernstein thinks the stock's setup looks increasingly attractive, as estimates have dropped while comps could accelerate further, according to the firm. It keeps a $190 price target and Outperform rating.
July 30, 2014
15:46 EDTPNRAPanera Bread price target lowered to $192 from $200 at Miller Tabak
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09:24 EDTPNRAPanera Bread Q2 results frustrating, says UBS
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06:16 EDTPNRAOptions expected to be active: TWTR BWLD AXP DWA PNRA AMGN X FB
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July 29, 2014
18:35 EDTPNRAOn The Fly: After Hours Movers
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16:36 EDTPNRAPanera Bread sees FY14 EPS $6.65-$6.80, consensus $6.86
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16:34 EDTPNRAPanera Bread sees Q4 EPS $1.89-$1.98
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16:30 EDTPNRAPanera Bread reports Q2 EPS $1.82, consensus $1.74
Reports Q2 revenue $631.06M, consensus $639.54M. Reports Q2 company-owned comparable net bakery-cafe transactions up 0.4%. Reports Q2 company-owned comparable net bakery-cafe sales up 0.1%.
16:30 EDTPNRAPanera Bread sees Q3 EPS $1.40-$1.46, consensus $1.53
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15:53 EDTPNRANotable companies reporting after market close
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11:06 EDTPNRAPanera Bread August volatility elevated into Q2
Panera Bread August weekly call option implied volatility is at 41, September is at 29, January is at 24; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q2 result on July 30.
10:49 EDTPNRAPanera Bread technical notes ahead of results
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July 22, 2014
11:38 EDTPNRAChipotle hits 52-week high after beat and raise quarter
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