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Cava Group (CAVA) Declines More Than Market: Some Information for Investors
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In the latest trading session, Cava Group (CAVA - Free Report) closed at $84.94, marking a -1.4% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.35%.
Shares of the Mediterranean restaurant chain have appreciated by 7.22% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.33%, and the S&P 500's gain of 0.51%.
The investment community will be paying close attention to the earnings performance of Cava Group in its upcoming release. In that report, analysts expect Cava Group to post earnings of $0.15 per share. This would mark a year-over-year decline of 31.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $417.01 million, up 25.67% from the year-ago period.
CAVA's full-year Zacks Consensus Estimates are calling for earnings of $0.5 per share and revenue of $1.46 billion. These results would represent year-over-year changes of -7.41% and +23.69%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Cava Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.81% upward. Right now, Cava Group possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Cava Group has a Forward P/E ratio of 172.65 right now. This indicates a premium in contrast to its industry's Forward P/E of 19.47.
It is also worth noting that CAVA currently has a PEG ratio of 7.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.93 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 194, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Cava Group (CAVA) Declines More Than Market: Some Information for Investors
In the latest trading session, Cava Group (CAVA - Free Report) closed at $84.94, marking a -1.4% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.35%.
Shares of the Mediterranean restaurant chain have appreciated by 7.22% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.33%, and the S&P 500's gain of 0.51%.
The investment community will be paying close attention to the earnings performance of Cava Group in its upcoming release. In that report, analysts expect Cava Group to post earnings of $0.15 per share. This would mark a year-over-year decline of 31.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $417.01 million, up 25.67% from the year-ago period.
CAVA's full-year Zacks Consensus Estimates are calling for earnings of $0.5 per share and revenue of $1.46 billion. These results would represent year-over-year changes of -7.41% and +23.69%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Cava Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.81% upward. Right now, Cava Group possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Cava Group has a Forward P/E ratio of 172.65 right now. This indicates a premium in contrast to its industry's Forward P/E of 19.47.
It is also worth noting that CAVA currently has a PEG ratio of 7.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.93 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 194, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.