Earnings Outlook For Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
Chipotle Mexican Grill (NYSE:CMG) is anticipated to report an EPS of $9.71 in its upcoming quarterly earnings on February 6, 2024. Analysts and investors are keen on not just the earnings beat but also the forward guidance. The company's past earnings performance shows a mix of beats and misses, with corresponding stock price reactions. Shares have risen 44.08% over the last 52 weeks, indicating a positive outlook from long-term shareholders.
February 05, 2024 | 2:01 pm
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Chipotle Mexican Grill is expected to report an EPS of $9.71 for the upcoming quarter. Investors are optimistic, given the stock's 44.08% increase over the past year and past performance of earnings beats leading to positive stock price movements.
Given Chipotle's history of earnings beats resulting in positive stock price movements and the overall 44.08% increase in share price over the last year, there is a strong likelihood of a positive short-term impact on CMG's stock price if the company meets or exceeds the EPS estimate and provides positive guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100