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Q3 Preview: California Pizza Kitchen (CPKI) Set to Deliver Earnings

November 11, 2010 12:20 PM EST
Shares of California Pizza Kitchen Inc. (NASDAQ: CPKI) are down $0.12 or 0.72 percent to $16.49 in midday market movement on Thursday ahead of the company's third-quarter earnings release scheduled for after the closing bell.

The pizza restaurant chain operator is expected by analysts to report earnings of $0.19 per share on revenue of $164.28 million.

In the second quarter, California Pizza reported earnings of $0.17 per share, beating the analyst estimate of $0.16 per share. The company reported second-quarter revenue of $163.1 million, slightly beating the consensus of $162.32 million.

Since the start of the third quarter, shares of California Pizza are up $0.90 or 5.78 percent. Year-to-date the stock is up $3.03 or 22.53 percent.

A valuation shows that California Pizza is going for a forward P/E of 168.99x full year 2010 estimates.

Data from Bloomberg shows that 5 analysts have a Buy rating on the stock, 8 have a Hold and zero have a Sell. The average analyst price target on California Pizza is $19 with a target range of $17 to $23.


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