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Curious about Sweetgreen (SG) Q4 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts expect Sweetgreen, Inc. (SG - Free Report) to post quarterly loss of -$0.31 per share in its upcoming report, which indicates a year-over-year decline of 24%. Revenues are expected to be $159.69 million, down 0.8% from the year-ago quarter.
The current level reflects a downward revision of 4.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Sweetgreen metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Same-Store Sales Change' stands at -11.7%. The estimate compares to the year-ago value of 4.0%.
Analysts predict that the 'Ending restaurants' will reach 284 . Compared to the current estimate, the company reported 246 in the same quarter of the previous year.
Analysts forecast 'Net New Restaurant Openings' to reach 17 . Compared to the present estimate, the company reported 10 in the same quarter last year.
Shares of Sweetgreen have demonstrated returns of -19.1% over the past month compared to the Zacks S&P 500 composite's +1.8% change. With a Zacks Rank #3 (Hold), SG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Sweetgreen (SG) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts expect Sweetgreen, Inc. (SG - Free Report) to post quarterly loss of -$0.31 per share in its upcoming report, which indicates a year-over-year decline of 24%. Revenues are expected to be $159.69 million, down 0.8% from the year-ago quarter.
The current level reflects a downward revision of 4.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Sweetgreen metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Same-Store Sales Change' stands at -11.7%. The estimate compares to the year-ago value of 4.0%.
Analysts predict that the 'Ending restaurants' will reach 284 . Compared to the current estimate, the company reported 246 in the same quarter of the previous year.
Analysts forecast 'Net New Restaurant Openings' to reach 17 . Compared to the present estimate, the company reported 10 in the same quarter last year.
View all Key Company Metrics for Sweetgreen here>>>Shares of Sweetgreen have demonstrated returns of -19.1% over the past month compared to the Zacks S&P 500 composite's +1.8% change. With a Zacks Rank #3 (Hold), SG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .