Yahoo Finance Chipotle Mexican Grill (CMG) Stock Dips While Market Gains: Key Facts
In the latest market close, Chipotle Mexican Grill (CMG) reached $57.97, with a -0.7% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.6%.
Coming into today, shares of the Mexican food chain had gained 4.68% in the past month. In that same time, the Retail-Wholesale sector gained 5.71%, while the S&P 500 gained 1.71%.
The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. The company is slated to reveal its earnings on October 29, 2024. The company's upcoming EPS is projected at $0.24, signifying a 4.35% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $2.81 billion, indicating a 13.64% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.08 per share and revenue of $11.33 billion, which would represent changes of +20% and +14.78%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chipotle Mexican Grill. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Chipotle Mexican Grill is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Chipotle Mexican Grill is currently exchanging hands at a Forward P/E ratio of 53.88. Its industry sports an average Forward P/E of 20.7, so one might conclude that Chipotle Mexican Grill is trading at a premium comparatively.
It's also important to note that CMG currently trades at a PEG ratio of 2.44. 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. The Retail - Restaurants industry had an average PEG ratio of 2.22 as trading concluded yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 178, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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, Inc. (CMG) : Free Stock Analysis Report
