Portillos Inc reports results for the quarter ended September 30 - Earnings Summary

• Portillos Inc PTLO.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of eleven analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 2 cents to 10 cents per share.

• Revenue rose 1.8% to $181.43 million from a year ago; analysts expected $182.04 million.

• Portillos Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $1.21 million.

• Portillos Inc shares had fallen by 18.8% this quarter and lost 44.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 45.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Portillos Inc is $8.00, about 34.5% above its last closing price of $5.24

This summary was machine generated from LSEG data November 4 at 02:32 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)