Noodles & Co reports results for the quarter ended June 30 - Earnings Summary

• Noodles & Co NDLS.OQ reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of two analysts for the quarter was for a loss of 5 cents per share.

• Revenue fell 0.7% to $126.43 million from a year ago; analysts expected $131.62 million.

• Noodles & Co's reported EPS for the quarter was a loss of 38 cents​.

• The company reported a quarterly loss of $17.55 million.

• Noodles & Co shares had risen by 54.3% this quarter and gained 90.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.1% 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 "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is "buy."

• Wall Street's median 12-month price target for Noodles & Co is $2.75, about 60% above its last closing price of $1.10

This summary was machine generated from LSEG data August 13 at 09:01 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)