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It's been a mediocre week for Noodles & Company (NASDAQ:NDLS) shareholders, with the stock dropping 19% to US$0.85 in the week since its latest first-quarter results. Revenues were in line with expectations, at US$124m, while statutory losses ballooned to US$0.20 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the current consensus from Noodles' three analysts is for revenues of US$509.5m in 2025. This would reflect a satisfactory 2.8% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 51% to US$0.42. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$505.7m and losses of US$0.33 per share in 2025. So it's pretty clear the analysts have mixed opinions on Noodles even after this update; although they reconfirmed their revenue numbers, it came at the cost of a regrettable increase in per-share losses.
Check out our latest analysis for Noodles
The consensus price target held steady at US$2.83, seemingly implying that the higher forecast losses are not expected to have a long term impact on the company's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Noodles at US$3.00 per share, while the most bearish prices it at US$2.50. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Noodles is an easy business to forecast or the the analysts are all using similar assumptions.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Noodles'historical trends, as the 3.7% annualised revenue growth to the end of 2025 is roughly in line with the 4.3% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 9.7% per year. So it's pretty clear that Noodles is expected to grow slower than similar companies in the same industry.