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Sweetgreen, Inc. (SG) Advances While Market Declines: Some Information for Investors
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In the latest close session, Sweetgreen, Inc. (SG - Free Report) was up +1.49% at $8.87. The stock exceeded the S&P 500, which registered a loss of 0.25% for the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
The company's shares have seen an increase of 35.08% over the last month, surpassing the Retail-Wholesale sector's loss of 6.54% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Sweetgreen, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.28, marking a 3.7% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $168.56 million, down 2.22% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.34 per share and a revenue of $682.69 million, representing changes of +129.82% and +0.47%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Sweetgreen, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.58% higher. Currently, Sweetgreen, Inc. is carrying a Zacks Rank of #4 (Sell).
Digging into valuation, Sweetgreen, Inc. currently has a Forward P/E ratio of 25.9. Its industry sports an average Forward P/E of 20.7, so one might conclude that Sweetgreen, Inc. is trading at a premium comparatively.
Also, we should mention that SG has a PEG ratio of 2.02. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SG's industry had an average PEG ratio of 1.76 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 172, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Sweetgreen, Inc. (SG) Advances While Market Declines: Some Information for Investors
In the latest close session, Sweetgreen, Inc. (SG - Free Report) was up +1.49% at $8.87. The stock exceeded the S&P 500, which registered a loss of 0.25% for the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
The company's shares have seen an increase of 35.08% over the last month, surpassing the Retail-Wholesale sector's loss of 6.54% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Sweetgreen, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.28, marking a 3.7% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $168.56 million, down 2.22% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.34 per share and a revenue of $682.69 million, representing changes of +129.82% and +0.47%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Sweetgreen, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.58% higher. Currently, Sweetgreen, Inc. is carrying a Zacks Rank of #4 (Sell).
Digging into valuation, Sweetgreen, Inc. currently has a Forward P/E ratio of 25.9. Its industry sports an average Forward P/E of 20.7, so one might conclude that Sweetgreen, Inc. is trading at a premium comparatively.
Also, we should mention that SG has a PEG ratio of 2.02. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SG's industry had an average PEG ratio of 1.76 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 172, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.