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Sweetgreen, Inc. (SG) Gains As Market Dips: What You Should Know
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In the latest close session, Sweetgreen, Inc. (SG - Free Report) was up +2.11% at $7.25. The stock's change was more than the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
Prior to today's trading, shares of the company had gained 13.06% outpaced the Retail-Wholesale sector's loss of 7.24% and the S&P 500's loss of 0.82%.
The upcoming earnings release of Sweetgreen, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.28, indicating a 3.7% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $169.57 million, indicating a 1.64% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.34 per share and a revenue of $683.84 million, representing changes of +129.82% and +0.64%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sweetgreen, Inc. These recent revisions tend to reflect the evolving nature of short-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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.58% higher. At present, Sweetgreen, Inc. boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, Sweetgreen, Inc. is holding a Forward P/E ratio of 21.04. This denotes a discount relative to the industry average Forward P/E of 21.53.
It's also important to note that SG currently trades at a PEG ratio of 1.64. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 1.77.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Sweetgreen, Inc. (SG) Gains As Market Dips: What You Should Know
In the latest close session, Sweetgreen, Inc. (SG - Free Report) was up +2.11% at $7.25. The stock's change was more than the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
Prior to today's trading, shares of the company had gained 13.06% outpaced the Retail-Wholesale sector's loss of 7.24% and the S&P 500's loss of 0.82%.
The upcoming earnings release of Sweetgreen, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.28, indicating a 3.7% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $169.57 million, indicating a 1.64% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.34 per share and a revenue of $683.84 million, representing changes of +129.82% and +0.64%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sweetgreen, Inc. These recent revisions tend to reflect the evolving nature of short-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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.58% higher. At present, Sweetgreen, Inc. boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, Sweetgreen, Inc. is holding a Forward P/E ratio of 21.04. This denotes a discount relative to the industry average Forward P/E of 21.53.
It's also important to note that SG currently trades at a PEG ratio of 1.64. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 1.77.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.