What's Going On With Chipotle Mexican Grill Stock Wednesday?
Portfolio Pulse from Adam Eckert
Chipotle Mexican Grill Inc (NYSE:CMG) is set to report its Q2 earnings after the market close on Wednesday. Analysts expect earnings of 32 cents per share and revenue of $2.939 billion. Last quarter, Chipotle beat estimates with a 14.1% revenue increase and adjusted earnings of $13.37 per share. The company has consistently met or exceeded estimates for three consecutive quarters. Analysts have mixed ratings on the stock, with price targets ranging from $55 to $71.
July 24, 2024 | 6:47 pm
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Chipotle Mexican Grill Inc (NYSE:CMG) is set to report Q2 earnings after the market close. Analysts expect earnings of 32 cents per share and revenue of $2.939 billion. The company has a strong track record of beating estimates, having done so for three consecutive quarters. Analysts have mixed ratings on the stock, with price targets ranging from $55 to $71.
Chipotle has a strong track record of beating earnings estimates, which could lead to a positive short-term impact on the stock price if they continue this trend. The mixed analyst ratings suggest some uncertainty, but the overall expectation of strong performance provides a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100