SHAK - Shake Shack: Wall Street Seems Too Bullish On Q2
2024-07-15 09:09:21 ET
Summary
- Shake Shack is going to report its Q2 results in the coming weeks, with Wall Street analysts expecting the company to post stronger financials than are guided.
- The industry has continued to be soft, and while Shake Shack communicated a strong 4.9% Same-Shack sales growth, the performance should go down from May forward.
- Shake Shack stock continues to be highly overvalued with my earnings growth estimates.
Shake Shack Inc. ( SHAK ) is expected to report the company's Q2 results near the 1st of August. While the stock has recently fallen amid a weak short-term industry outlook, Shake Shack still looks to carry a weak risk-to-reward going into the earnings....
Shake Shack: Wall Street Seems Too Bullish On Q2