On Tuesday, February 4, Chipotle Mexican Grill CMG will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Based on management's projections, Chipotle Mexican Grill analysts model for earnings of $2.75 per share on sales of $1.4 billion.
Chipotle Mexican Grill earnings in the same period a year ago was $1.72. Quarterly sales came in at $1.23 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 59.88%. Revenue would be have grown 14.29% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
EPS Estimate | 3.190 | 3.77 | 2.940 | 1.33 |
EPS Actual | 3.820 | 3.990 | 3.400 | 1.72 |
Stock Performance
Over the last 52-week period, shares are up 63.66%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Chipotle Mexican Grill. The strength of this rating has maintained conviction over the past three months.
Conference Call
Chipotle Mexican Grill is scheduled to hold a conference call at 4:30 p.m. ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/1894/32608
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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