Panera Bread (Nasdaq: PNRA ) is expected to report Q3 earnings on Oct. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Panera Bread's revenues will increase 15.4% and EPS will grow 22.7%.
The average estimate for revenue is $522.8 million. On the bottom line, the average EPS estimate is $1.19.
Last quarter, Panera Bread reported revenue of $530.6 million. GAAP reported sales were 18% higher than the prior-year quarter's $451.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.50. GAAP EPS of $1.50 for Q2 were 27% higher than the prior-year quarter's $1.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 36.2%, 110 basis points better than the prior-year quarter. Operating margin was 13.6%, 90 basis points better than the prior-year quarter. Net margin was 8.3%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.12 billion. The average EPS estimate is $5.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,352 members out of 1,505 rating the stock outperform, and 153 members rating it underperform. Among 426 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 398 give Panera Bread a green thumbs-up, and 28 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panera Bread is outperform, with an average price target of $174.41.
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