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Jim Cramer Is Awaiting Panera Earnings Tomorrow

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, said investors should be watching for signs of improvement at Panera Bread Company (PNRA) when it reports fourth quarter earnings tomorrow after the close. 'The change could be occurring at Panera and you have to just remember that it is occurring during the downdraft, so when the downdraft stops – and please note that I am calling it a downdraft, not a crash – then you have to circle back to the ones that are actually doing better,' said Cramer. 'Or at least better than expected.' The Wall Street analyst consensus estimate is for the sandwich seller to earn $1.78 a share in its fourth quarter, down from $1.87 a share a year ago. On the top line, the Street’s analyst are looking for $695.4 million compared to $672.5 million last year. Panera is a holding of Cramer’s charitable trust, Action Alerts PLUS.

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