Chipotle Mexican Grill (CMG - Free Report) ended the recent trading session at $2,313.87, demonstrating a -0.57% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 1.47% for the day. Elsewhere, the Dow lost 1.27%, while the tech-heavy Nasdaq lost 1.5%.
Heading into today, shares of the Mexican food chain had gained 5.89% over the past month, lagging the Retail-Wholesale sector's gain of 8% and outpacing the S&P 500's gain of 5.77% in that time.
The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. The company is slated to reveal its earnings on February 6, 2024. On that day, Chipotle Mexican Grill is projected to report earnings of $9.60 per share, which would represent year-over-year growth of 15.8%. Alongside, our most recent consensus estimate is anticipating revenue of $2.49 billion, indicating a 14.06% upward movement from the same quarter last year.
CMG's full-year Zacks Consensus Estimates are calling for earnings of $44.04 per share and revenue of $9.84 billion. These results would represent year-over-year changes of +34.35% and +13.99%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chipotle Mexican Grill. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Chipotle Mexican Grill boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Chipotle Mexican Grill is presently trading at a Forward P/E ratio of 52.84. This indicates a premium in contrast to its industry's Forward P/E of 22.15.
Also, we should mention that CMG has a PEG ratio of 2.04. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 1.93.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Chipotle Mexican Grill (CMG - Free Report) ended the recent trading session at $2,313.87, demonstrating a -0.57% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 1.47% for the day. Elsewhere, the Dow lost 1.27%, while the tech-heavy Nasdaq lost 1.5%.
Heading into today, shares of the Mexican food chain had gained 5.89% over the past month, lagging the Retail-Wholesale sector's gain of 8% and outpacing the S&P 500's gain of 5.77% in that time.
The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. The company is slated to reveal its earnings on February 6, 2024. On that day, Chipotle Mexican Grill is projected to report earnings of $9.60 per share, which would represent year-over-year growth of 15.8%. Alongside, our most recent consensus estimate is anticipating revenue of $2.49 billion, indicating a 14.06% upward movement from the same quarter last year.
CMG's full-year Zacks Consensus Estimates are calling for earnings of $44.04 per share and revenue of $9.84 billion. These results would represent year-over-year changes of +34.35% and +13.99%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chipotle Mexican Grill. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Chipotle Mexican Grill boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Chipotle Mexican Grill is presently trading at a Forward P/E ratio of 52.84. This indicates a premium in contrast to its industry's Forward P/E of 22.15.
Also, we should mention that CMG has a PEG ratio of 2.04. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 1.93.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Get the latest research report on CMG - FREE