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Noodles & Co (NDLS) Stock Surges Ahead of Earnings

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Noodles & Co (NASDAQ: NDLS ) shares were on the rise as the company is expected to post strong earnings two days from now.

The fast-casual restaurant will not be reporting until after the market closes on Wednesday but the stock was upgraded by Zacks Investment Research early on Monday from a "hold" rating to a "buy" rating in a research report that the company sent to investors in the morning. Analysts from the firm have a price rating of $14 on the stock, which is currently selling at around $12.70 per share.

Noodles & Co recently announced that its outlook for its fiscal 2018 is slated to be in the range of a loss of a penny per share to a profit of 3 cents per share. For its most recent quarter, analysts are projecting the company to announce a profit of 2 cents per share.

The company's most recent quarterly earnings report came on May 10, which yielded a loss of 4 cents per share for the period, below the Wall Street guidance of a loss of 3 cents per share. Noodles & Co also amassed revenue of $110.5 million for the period, below the consensus estimate of $107.8 million, with revenue falling 5.3% year-over-year.

NDLS stock gained more than 4.5% on Monday following the analyst upgrade and the fact that the company is expected to beat analysts' expectations with its Wednesday earnings report.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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