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Noodles & Co. (NDLS) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Noodles & Co. (NDLS - Free Report) closed at $6.92, marking a -1.84% move from the previous day. This move lagged the S&P 500's daily loss of 0.17%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.32%.
Heading into today, shares of the restaurant chain had lost 9.96% over the past month, lagging the Retail-Wholesale sector's gain of 3.59% and the S&P 500's gain of 3.07% in that time.
Investors will be hoping for strength from NDLS as it approaches its next earnings release. On that day, NDLS is projected to report earnings of $0.05 per share, which would represent year-over-year growth of 400%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $117.25 million, down 0.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.16 per share and revenue of $468.17 million, which would represent changes of +700% and +2.26%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for NDLS. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NDLS is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, NDLS is holding a Forward P/E ratio of 43.16. This valuation marks a premium compared to its industry's average Forward P/E of 23.68.
Investors should also note that NDLS has a PEG ratio of 4.93 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants was holding an average PEG ratio of 2.1 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Noodles & Co. (NDLS) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Noodles & Co. (NDLS - Free Report) closed at $6.92, marking a -1.84% move from the previous day. This move lagged the S&P 500's daily loss of 0.17%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.32%.
Heading into today, shares of the restaurant chain had lost 9.96% over the past month, lagging the Retail-Wholesale sector's gain of 3.59% and the S&P 500's gain of 3.07% in that time.
Investors will be hoping for strength from NDLS as it approaches its next earnings release. On that day, NDLS is projected to report earnings of $0.05 per share, which would represent year-over-year growth of 400%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $117.25 million, down 0.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.16 per share and revenue of $468.17 million, which would represent changes of +700% and +2.26%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for NDLS. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NDLS is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, NDLS is holding a Forward P/E ratio of 43.16. This valuation marks a premium compared to its industry's average Forward P/E of 23.68.
Investors should also note that NDLS has a PEG ratio of 4.93 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants was holding an average PEG ratio of 2.1 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.