Chipotle Stock ( NYSE:CMG ) finished the most recent trading day at $1,504.70, representing a movement of +0.13% compared to the previous trading session’s closing price. The stock gained less than the daily increase of 2.59% for the S&P 500. In other financial news, the Dow rose by 2.66%, while the tech-heavy Nasdaq gained 0.12%.
A month before today, shares of the Mexican food chain had dropped by 7.04%, outperforming both the Retail-Wholesale sector’s drop of 8.35% and the S&P 500’s drop of 9.22% during the same period.
Chipotle Mexican Grill ( NYSE:CMG ) will be trying to demonstrate its resilience as it approaches the date of its subsequent earnings report, which is currently scheduled for October 25, 2022. It is anticipated that the firm will announce earnings per share of $8.95, representing a growth of 27.49% compared to the same quarter in the previous year. Our most current average estimate calls for quarterly sales of $2.23 billion, which would represent a 14.41% increase from the same time a year earlier.
Chipotle Stock Price Analysis
Looking at the company for the entire year, our Zacks Consensus Estimates reveal that analysts are anticipating earnings of $32.50 per share and sales of $8.74 billion. The difference between these totals and the previous year’s would be +27.85% and +15.79%, respectively.
It is also essential to take note of the latest adjustments that have been made to the analyst projections for Chipotle Mexican Grill ( NYSE:CMG ). Recent changes are more likely to mirror the most recent near-term business developments. Given this information, we may look at upwar...
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