Noodles & Co reports results for the quarter ended December 31 - Earnings Summary

• Noodles & Co NDLS.OQ reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of three analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -14 cents to -11 cents per share.

• Revenue fell 2% to $121.77 million from a year ago; analysts expected $122.01 million.

• Noodles & Co's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $9.69 million.

• Noodles & Co shares had risen by 131.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "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 Noodles & Co is $3.00

This summary was machine generated from LSEG data March 6 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)