Chipotle Mexican Grill Q3 Earnings Preview: Can Bill Ackman's No. 1 Holding Buck The Trend?
Portfolio Pulse from Surbhi Jain
Chipotle Mexican Grill (NYSE:CMG) is set to report its Q3 earnings after market hours on Thursday. Analysts will be closely watching the impact of the company's aggressive pricing on demand and the effect of upcoming student loan repayments on its target consumer. The stock is currently trading at a P/E of over 40, with the sector median at close to 13 P/E. CMG makes up more than 18.8% of Pershing Square Capital Management’s portfolio. Wall Street analysts expect CMG to report $10.56 in EPS for the quarter and $2.47BN in revenue.
October 26, 2023 | 1:37 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Chipotle's Q3 earnings report is expected to impact its stock price. Analysts will be closely watching the impact of the company's pricing strategy and the effect of student loan repayments on its target consumer.
The upcoming Q3 earnings report is a significant event for Chipotle and its investors. The company's aggressive pricing strategy and the impact of student loan repayments on its target consumer are key factors that could influence its financial performance and, consequently, its stock price. The fact that CMG makes up a significant portion of Pershing Square Capital's portfolio also adds to its relevance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100