Noodles & Company (NASDAQ:NDLS) operater of fast casual restaurants, is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are $ 108.39 million in revenue.
For the full year, analysts predict revenues of $ 401.26 million, while looking forward to loss of $ 0.24 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 106.30 million ~ $ 106.30 million
Full Year 2020 topline are forecasted in a range of$ 470.00 million ~ $ 480.00 million, where as bottomline are predicted in a range of $ 0.21 ~ $ 0.26 per share
Click Here For More Historical Outlooks Of Noodles & Company
Previous Quarter Performance
Noodles & Company disclosed loss for the second quarter of $ 0.18 per share, from the revenue of $ 80.16 million. The consensus estimates are loss of $ 0.21 per share from $ 77.81 million in revenue. The bottom line results beat street analysts by $ 0.03 or 14.29 percent, at the same time, top line results outshined analysts by $ 2.35 million or 3.02 percent.
Stock Performance
Shares of Noodles & Company traded low $ -0.23 or -2.83 percent on Tuesday, reaching $ 7.91 with volume of 121.00 thousand shares. Noodles & Company has traded high as $ 8.14 and has cracked $ 7.86 on the downward trend
According to the previous trading day, closing price of $ 7.91, representing a 159.24 % increase from the 52 week low of $ 3.14 and a 12.57 % decrease over the 52 week high of $ 9.31.
The company has a market capital of $ 350.85 million and is part of the Consumer Cyclical sector and Restaurants industry.
Conference Call
Noodles & Company will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.noodles.com
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
