Chipotle (CMG) To Post Q3 Earnings: Is A Beat In The Cards?
Zacks Investment Research | Oct 17, 2019 11:54PM ET
Chipotle Mexican Grill, Inc. (NYSE:CMG) is scheduled to report third-quarter 2019 results on Oct 22, after the market closes. The company’s increased focus on enhancing customer experience by introducing food-safety programs, various sales-building initiatives and greater digital innovation is expected to have resulted in revenue growth in the third quarter. Further, lower cost of sales is likely to have aided margins in the to-be-reported quarter.
In the last reported quarter, Chipotle’s earnings surpassed the Zacks Consensus Estimate by 8.1%. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average being 13.2%. Backed by an impressive earnings surprise trend, shares of the company have gained 93.4% over the past year, outperforming the Zacks Investment Research
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