Trading Strategies For Chipotle Mexican Grill Stock Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Chipotle Mexican Grill, Inc (NYSE:CMG) is expected to release its Q2 earnings report after the market closes. Analysts estimate earnings per share of $12.31 on revenues of $2.53 billion. BofA Securities and Baird have maintained positive ratings on the stock and raised their price targets. The stock has been trading in a bearish downtrend but is consolidating under its all-time high, suggesting potential for a positive run.
July 26, 2023 | 7:09 pm
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Chipotle is set to release its Q2 earnings. Analysts predict an EPS of $12.31 on revenues of $2.53 billion. The stock is currently in a bearish downtrend but is consolidating under its all-time high, indicating potential for a positive run.
The upcoming earnings report is a significant event for Chipotle. Analysts' positive expectations and the recent increase in price targets by BofA Securities and Baird suggest optimism. However, the stock's current bearish trend introduces uncertainty, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100