Earnings Preview: Chipotle Mexican Grill

Chipotle Mexican Grill, Inc. CMG is set to report earnings tonight after the close, and Wall Street will be looking to see whether the company can continue to deliver its meteoric revenue rise, and provide results as tasty as its food. At last check, shares of Chipotle Mexican Grill were up $3.47 to $331.46, a gain of just over 1%, in line with the broader equity markets which are having a banner day. Shares are trading at 39 times forward earnings, indicating traders are willing to pay up for explosive earnings growth from the company. Wall Street analysts are looking for earnings of $1.68 per share on $558.34 million in revenues. This compares to last year, when the company earned $1.46 per share on $466.84 million in revenues. Guidance for next quarter is expected to come in at $1.88 per share on $565.28 million in revenues. Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States. It also operates restaurants in Toronto, Canada and in London, the United Kingdom.