Sweetgreen Rises as Investors Await Quarterly Results
Zacks forecasts a quarterly loss and lower sales, while full-year estimates call for higher earnings and slightly higher revenue.
Sweetgreen shares rose 1.49% to $8.87 in the latest session, while the S&P 500 fell 0.25%. The Dow lost 0.86%, while the Nasdaq added 0.24%.
The stock gained 35.08% over the past month. By comparison, the Retail-Wholesale sector fell 6.54% and the S&P 500 slipped 0.42%.
Investors are awaiting Sweetgreen’s next financial report. Zacks estimates the company will post a loss of $0.28 per share, down 3.7% from the same quarter a year earlier.
Zacks also forecasts quarterly revenue of $168.56 million, a 2.22% decline from the year-ago period.
For the full fiscal year, Zacks consensus estimates call for earnings of $0.34 per share and revenue of $682.69 million. Those figures represent gains of 129.82% and 0.47%, respectively, from the prior year.
The consensus EPS estimate has risen 0.58% over the past month, according to Zacks.
Sweetgreen’s forward price-to-earnings ratio is 25.9, compared with 20.7 for its industry. Its PEG ratio, which includes expected earnings growth, is 2.02, versus an industry average of 1.76.
This article was produced with the help of AI technology.
Source: Yahoo Finance
