8:08 am Panera Bread Serves Up Positive Q4 Earnings Surprise
Would you pay 30x trailing twelve month earnings for a company that just reported a 5% year-over-year decline in full-year adjusted diluted earnings per share (EPS) and is forecasting just 2-5% growth for the year ahead? That is the question (prospective) investors in Panera Bread (PNRA 184.72) will need to ask themselves today because that's what the specialty restaurant company did after Tuesday's close.
So far, the answer appears to be yes. Shares of PNRA are bid about 2% higher in pre-market trading.