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Chipotle Mexican Grill (CMG) Rises As Market Takes a Dip: Key Facts
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Chipotle Mexican Grill (CMG - Free Report) ended the recent trading session at $3,105.84, demonstrating a +1.07% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.6%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq lost 1.08%.
Shares of the Mexican food chain witnessed a loss of 2.1% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.07% and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of Chipotle Mexican Grill in its upcoming release. The company's earnings per share (EPS) are projected to be $15.57, reflecting a 23.08% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $2.92 billion, indicating a 16.26% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $55.31 per share and a revenue of $11.35 billion, indicating changes of +23.29% and +14.96%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Chipotle Mexican Grill. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.41% higher within the past month. Right now, Chipotle Mexican Grill possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Chipotle Mexican Grill has a Forward P/E ratio of 55.56 right now. This represents a premium compared to its industry's average Forward P/E of 19.09.
It's also important to note that CMG currently trades at a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Restaurants industry stood at 1.71 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 31% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Chipotle Mexican Grill (CMG) Rises As Market Takes a Dip: Key Facts
Chipotle Mexican Grill (CMG - Free Report) ended the recent trading session at $3,105.84, demonstrating a +1.07% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.6%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq lost 1.08%.
Shares of the Mexican food chain witnessed a loss of 2.1% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.07% and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of Chipotle Mexican Grill in its upcoming release. The company's earnings per share (EPS) are projected to be $15.57, reflecting a 23.08% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $2.92 billion, indicating a 16.26% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $55.31 per share and a revenue of $11.35 billion, indicating changes of +23.29% and +14.96%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Chipotle Mexican Grill. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.41% higher within the past month. Right now, Chipotle Mexican Grill possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Chipotle Mexican Grill has a Forward P/E ratio of 55.56 right now. This represents a premium compared to its industry's average Forward P/E of 19.09.
It's also important to note that CMG currently trades at a PEG ratio of 2.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Restaurants industry stood at 1.71 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 31% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.