What’s The Outlook For The Panera Bread Company (PNRA)?

What’s The Outlook For The Panera Bread Company (PNRA)?

What’s The Outlook For The Panera Bread Company (PNRA)?

Panera Bread Company (NASDAQ:PNRA) is expected to announce second quarter financial results after market close (confirmed) on July 25, 2017. The company added about 0.3% percent in value since last earnings when it was at $313.72.  Looking further into earnings reaction history, the stock had moved down 15 times out of last 29 quarters. It has topped earnings-per-share estimates 58% of the time in its last 12 earnings reports. It missed earnings on 5 occasions, and it has met expectations 0 time.

Panera Bread Company (NASDAQ:PNRA) Earnings Reaction History

Overall, the average earnings surprise was 1.75 percent over the past four quarters. Back on Feb 10, it posted earnings per share at $1.83 which missed the consensus $1.83 projection (Negative surprise of 0.00%). Revenue came in at $727.63M versus consensus estimate of $717.07M. The stock dropped -0.07% percent the day following the earnings was released, and on 7th day price change was -0.15% percent.

On February 07, 2017, it posted earnings per share at $2.05 versus the consensus estimate of $2 (Positive surprise of 2.50%). Revenue of $727.11M was below the $727.75M analysts had expected. The stock dropped 8.69% the day following the earnings was released, and on 7th day price change was 8.76%.

On October 25, 2016, it posted earnings per share at $1.37, topped the consensus estimate of $1.34 (Positive surprise of 2.20%). Revenue for the quarter was $684.21M while analysts had expected revenues to come in at $680.43M. The stock fell -1.77% the day following the earnings was released, and on 7th day price change was 3.94%.

On July 26, 2016, it posted earnings per share at $1.78 compared with the consensus estimate of $1.74 (Positive surprise of 2.30%). That came on revenues of $698.9M for the quarter. Analysts had expected $696.41M in revenue.

Panera Bread Company (NASDAQ:PNRA) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $1.87. The analysts’ current consensus range is $1.76-$1.96 for EPS. The market consensus range for revenue is $697M-$751.47M, with an average of $731.28M.

Panera Bread Company (NASDAQ:PNRA) last closed at $314.64, sending the company’s market cap around $7.15B. The consensus 12-month price target from brokerage firms covering the stock is $305.78 . The share price has declined -0.50% from its best level in 52 weeks and advanced 53.42% this year. It recently traded in a range of $314.60-$314.88 at a volume of 503,745 shares. The stock ended last trading session with the price nearly 0.02% higher for the last 5 trading days, rebounding 69.44% from its 52-week low.