Zacks Research Lowers Earnings Estimates for Papa John's

Analysts cite weaker-than-expected Q2 2026 performance for pizza chain

Mar. 18, 2026 at 5:03am

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Equities researchers at Zacks Research have lowered their Q2 2026 earnings per share (EPS) estimates for Papa John's International, Inc. (NASDAQ:PZZA) from $0.49 to $0.35 per share. The analysts maintained a 'Hold' rating on the stock, citing weaker-than-expected performance for the quarter.

Why it matters

Papa John's is one of the largest pizza chains in the United States, so any changes to its earnings outlook can impact investor sentiment and the company's overall financial health. Zacks Research's downward revision suggests potential challenges ahead for the brand.

The details

Zacks Research analyst team now expects Papa John's to post earnings of $0.35 per share for Q2 2026, down from their prior forecast of $0.49 per share. The consensus estimate for the company's current full-year earnings is $2.19 per share. Zacks Research also issued estimates for Papa John's Q4 2026, FY2026, Q1 2027, Q3 2027, Q4 2027, and FY2027 earnings.

  • The earnings estimates were revised on Thursday, March 12, 2026.

The players

Zacks Research

An equities research firm that provides analysis and estimates on publicly traded companies.

Papa John's International, Inc.

A leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings.

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What they’re saying

“Zacks Research analyst Team now expects that the company will post earnings of $0.35 per share for the quarter, down from their prior forecast of $0.49.”

— Zacks Research analyst Team

The takeaway

The downward revision in earnings estimates for Papa John's by Zacks Research suggests potential challenges ahead for the pizza chain, which could impact investor sentiment and the company's overall financial performance.