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Cava Group (CAVA) Declines More Than Market: Some Information for Investors
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Cava Group (CAVA - Free Report) ended the recent trading session at $54.89, demonstrating a -1.77% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Shares of the Mediterranean restaurant chain have depreciated by 24.91% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 7.24%, and the S&P 500's loss of 0.82%.
The upcoming earnings release of Cava Group will be of great interest to investors. In that report, analysts expect Cava Group to post earnings of $0.12 per share. This would mark no growth from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $358.05 million, showing a 22.52% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $1.51 billion, which would represent changes of +1.85% and +27.87%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Cava Group. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 moved 0.99% higher. Cava Group is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Cava Group is currently trading at a Forward P/E ratio of 102.28. This expresses a premium compared to the average Forward P/E of 21.53 of its industry.
We can also see that CAVA currently has a PEG ratio of 4.34. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Cava Group (CAVA) Declines More Than Market: Some Information for Investors
Cava Group (CAVA - Free Report) ended the recent trading session at $54.89, demonstrating a -1.77% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Shares of the Mediterranean restaurant chain have depreciated by 24.91% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 7.24%, and the S&P 500's loss of 0.82%.
The upcoming earnings release of Cava Group will be of great interest to investors. In that report, analysts expect Cava Group to post earnings of $0.12 per share. This would mark no growth from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $358.05 million, showing a 22.52% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $1.51 billion, which would represent changes of +1.85% and +27.87%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Cava Group. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 moved 0.99% higher. Cava Group is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Cava Group is currently trading at a Forward P/E ratio of 102.28. This expresses a premium compared to the average Forward P/E of 21.53 of its industry.
We can also see that CAVA currently has a PEG ratio of 4.34. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.