Noodles & Company (NDLS) Scheduled to Post Earnings on Wednesday

Noodles & Company (NASDAQ:NDLS) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Noodles & Company to post earnings of ($0.19) per share for the quarter. Noodles & Company has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Noodles & Company (NASDAQ:NDLS) last released its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Noodles & Company had a negative net margin of 1.96% and a negative return on equity of 13.20%. The company had revenue of $124.32 million for the quarter, compared to the consensus estimate of $124.95 million. On average, analysts expect Noodles & Company to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Noodles & Company Stock Up 1.3 %

NASDAQ:NDLS opened at $1.58 on Monday. The company has a market cap of $71.08 million, a price-to-earnings ratio of -7.18 and a beta of 1.69. The company has a current ratio of 0.34, a quick ratio of 0.18 and a debt-to-equity ratio of 2.95. Noodles & Company has a twelve month low of $1.11 and a twelve month high of $4.95. The stock has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $2.43.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NDLS. Benchmark lowered their target price on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded Noodles & Company from a “hold” rating to a “sell” rating in a research report on Friday, March 8th.

About Noodles & Company

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.