Chipotle Mexican Grill (NYSE:CMG) is set to report FQ2 2014 earnings after the market closes on Monday, July 21st. Chipotle is a chain of fast casual restaurants which serve food from a limited menu. Chipotle stock faltered back in April after the company miss on earnings estimates, but topped sales forecasts. Since the slip in April shares of CMG have rebounded and moved up well over 10%. Here’s what investors are expecting from Chipotle on Monday.
This quarter 35 contributing analysts on Estimize.com have come to a consensus earnings expectation of $3.07 EPS and $980.98M in revenue compared to a consensus of $3.06 EPS and $979.76M from Wall Street. Over the previous 6 quarters the consensus from Estimize.com has been more accurate than Wall Street in forecasting Chipotle’s EPS and revenue in 3 and 5 quarters resepectively.
Last quarter Chipotle missed earnings estimates by a wide margin, but crushed the consensus on revenue. Fast casual restaurants have been hot lately and in recent quarters Chipotle has done an excellent job in cutting its throughput. By beefing up its staff on the burrito assembly line the company has dramatically reduced the time it takes to serve customers, keep the queue moving fast during peak meal hours reducing the number of customers who turn away at the door.
Estimize.com ranks and allows the sorting of analysts by accuracy, the analyst with the lowest error rate on Chipotle is anonymous user justingo0820. Over 2 previously scored estimates on Chipotle justingo0820 has averaged an error rate of 8.2%. Estimize is completely open and free for anyone to contribute, and the base of contributing analysts on the platform includes hedge fund analysts, asset managers, independent research shops, non professional investors, and students.
The Estimize consensus was more accurate than the Wall Street consensus 65% of the time last quarter on the coverage of nearly 1000 stocks. A combination of algorithms ensures that the data is not only clean and free from people attempting to game the system, but also weighs past performance and many other factors to gauge future accuracy.
Contributing analysts on the Estimize.com platform are forecasting that on Monday Chipotle will report earnings a penny ahead of Wall Street’s EPS forecast and beat the Street’s revenue consensus by $1 million (<1%). The Estimize community is predicting that Chipotle will follow suit with Mattel and miss the Wall Street earnings consensus, the community still believes that Chipotle will grow earnings by 6c (21%) compared to the 29c reported in the same quarter of last year.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.