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Cava Group (CAVA) Stock Moves 1.27%: What You Should Know
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In the latest trading session, Cava Group (CAVA - Free Report) closed at $52.66, marking a +1.27% move from the previous day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the Mediterranean restaurant chain had lost 27.71% over the past month, lagging the Retail-Wholesale sector's loss of 3.54% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Cava Group in its upcoming release. The company is forecasted to report an EPS of $0.12, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $358.33 million, indicating a 22.62% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.55 per share and a revenue of $1.51 billion, demonstrating changes of +1.85% and +27.78%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Cava Group. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. Cava Group is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Cava Group is currently exchanging hands at a Forward P/E ratio of 95.27. This indicates a premium in contrast to its industry's Forward P/E of 21.04.
It is also worth noting that CAVA currently has a PEG ratio of 4.04. 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. CAVA's industry had an average PEG ratio of 1.7 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 175, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Cava Group (CAVA) Stock Moves 1.27%: What You Should Know
In the latest trading session, Cava Group (CAVA - Free Report) closed at $52.66, marking a +1.27% move from the previous day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the Mediterranean restaurant chain had lost 27.71% over the past month, lagging the Retail-Wholesale sector's loss of 3.54% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Cava Group in its upcoming release. The company is forecasted to report an EPS of $0.12, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $358.33 million, indicating a 22.62% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.55 per share and a revenue of $1.51 billion, demonstrating changes of +1.85% and +27.78%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Cava Group. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. Cava Group is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Cava Group is currently exchanging hands at a Forward P/E ratio of 95.27. This indicates a premium in contrast to its industry's Forward P/E of 21.04.
It is also worth noting that CAVA currently has a PEG ratio of 4.04. 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. CAVA's industry had an average PEG ratio of 1.7 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 175, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.