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Chipotle (CMG) Stock Pops As Q1 Earnings Crush Estimates
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Chipotle Mexican Grill (CMG - Free Report) just released its first quarter financial results, posting adjusted earnings of $2.13 per share and revenues of $1.15 billion.
Chipotle is currently a Zacks Rank #3 (Hold). Shares of Chipotle are down 29% over the last year. However, Chipotle stock has in fact climbed 3% over the last four weeks, and jumped 1.93% to hit $339.52 per share on Wednesday prior to the release of its quarterly earnings results.
Chipotle stock is currently up 9.76% to $372.65 in after-hours trading shortly after its earnings report was released.
CMG:
Beat earnings estimates. The company posted adjusted earnings of $2.13 per share, beating the Zacks Consensus Estimate of $1.54 per share.
Matched revenue estimates. The company saw revenue figures of $1.15, matching our consensus estimate.
Chipotle’s quarterly revenues jumped roughly 7.4% from $1.07 billion in the year-ago period. The embattled company’s comparable restaurant sales popped 2.2%. Chipotle also noted that it opened 35 new restaurants, while it closed just two locations.
Meanwhile, the Denver-based company’s quarterly earnings surged 33% from $1.60 per share. Looking ahead, Chipotle plans to open between 130 and 150 new restaurants this year and report comp store sales in the low-single digits.
“We are in the process of forming a path to greater performance in sales, transactions, margins and new restaurants,” new CEO Brian Niccol said in a statement.
Here’s a graph that looks at CMG’s Price, Consensus and EPS Surprise history:
Chipotle Mexican Grill, Inc. Price, Consensus and EPS Surprise
Check back later for our full analysis on CMG’s earnings report!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Chipotle (CMG) Stock Pops As Q1 Earnings Crush Estimates
Chipotle Mexican Grill (CMG - Free Report) just released its first quarter financial results, posting adjusted earnings of $2.13 per share and revenues of $1.15 billion.
Chipotle is currently a Zacks Rank #3 (Hold). Shares of Chipotle are down 29% over the last year. However, Chipotle stock has in fact climbed 3% over the last four weeks, and jumped 1.93% to hit $339.52 per share on Wednesday prior to the release of its quarterly earnings results.
Chipotle stock is currently up 9.76% to $372.65 in after-hours trading shortly after its earnings report was released.
CMG:
Beat earnings estimates. The company posted adjusted earnings of $2.13 per share, beating the Zacks Consensus Estimate of $1.54 per share.
Matched revenue estimates. The company saw revenue figures of $1.15, matching our consensus estimate.
Chipotle’s quarterly revenues jumped roughly 7.4% from $1.07 billion in the year-ago period. The embattled company’s comparable restaurant sales popped 2.2%. Chipotle also noted that it opened 35 new restaurants, while it closed just two locations.
Meanwhile, the Denver-based company’s quarterly earnings surged 33% from $1.60 per share. Looking ahead, Chipotle plans to open between 130 and 150 new restaurants this year and report comp store sales in the low-single digits.
“We are in the process of forming a path to greater performance in sales, transactions, margins and new restaurants,” new CEO Brian Niccol said in a statement.
Here’s a graph that looks at CMG’s Price, Consensus and EPS Surprise history:
Chipotle Mexican Grill, Inc. Price, Consensus and EPS Surprise
Chipotle Mexican Grill, Inc. Price, Consensus and EPS Surprise | Chipotle Mexican Grill, Inc. Quote
Check back later for our full analysis on CMG’s earnings report!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>