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Sweetgreen, Inc. (SG) Surpasses Market Returns: Some Facts Worth Knowing
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Sweetgreen, Inc. (SG - Free Report) closed the most recent trading day at $8.09, moving +2.02% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Coming into today, shares of the company had gained 16.79% in the past month. In that same time, the Retail-Wholesale sector gained 3.96%, while the S&P 500 gained 1.57%.
The upcoming earnings release of Sweetgreen, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.31, marking a 24% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $159.89 million, indicating a 0.63% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.86 per share and a revenue of $684.16 million, representing changes of -8.86% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sweetgreen, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Sweetgreen, Inc. is carrying a Zacks Rank of #4 (Sell).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 17% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Sweetgreen, Inc. (SG) Surpasses Market Returns: Some Facts Worth Knowing
Sweetgreen, Inc. (SG - Free Report) closed the most recent trading day at $8.09, moving +2.02% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Coming into today, shares of the company had gained 16.79% in the past month. In that same time, the Retail-Wholesale sector gained 3.96%, while the S&P 500 gained 1.57%.
The upcoming earnings release of Sweetgreen, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.31, marking a 24% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $159.89 million, indicating a 0.63% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.86 per share and a revenue of $684.16 million, representing changes of -8.86% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sweetgreen, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Sweetgreen, Inc. is carrying a Zacks Rank of #4 (Sell).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 17% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.