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Cisco Systems and Re/Max Reporting; Potbelly Soars on Results

Dan Berman
Hot Stock Minute

Cisco Systems (CSCO) reports after the closing bell. The company is expected to post earnings of 51-cents a share up from 48-cents a year ago. That would be on revenues that have tipped past the $12-billion mark. If those figures prove to be accurate, they would mark the company's lowest year-over-year gains in quite some time. The company's biggest challenge right now may be the massive shift to cloud computing. Shares of Cisco Systems are currently up 17% year-to-date.

Potbelly (PBPB) has been up as much as 14% since reporting its earnings after yesterday's close. The company just edged past revenue estimates with 78-million dollars in sales of its sandwiches. Earnings however easily topped expectations at 15-cents a share. The chain reported sales gains of nearly 12% over the last year, and same-store sales increases of 2.5%. It now plans to open about 40 more stores before year's end. Potbelly ended yesterday's regular session down 16% since its market debut about 5-weeks ago.

Another company which went public back in October reports today: Re/Max (RMAX). The real estate company is expected to post earnings of 99-cents a share on about $39-million in revenues. Shares of Re/Max are down about 8% since the stock began trading. JPMorgan has a $30 price target on the stock. Bank of America has a $33 target.

Trucking company YRC Worldwide (YRCW) has been down as much as 28% in early trading. The company posted losses of $4.45 a share, nearly ten times the predicted losses of 46-cents a share. That was despite revenues which were basically in line with expectations. Prior to this drop, shares were up 44% year-to-date. The company is blaming driver shortages and higher expenses for the earnings miss.