Earnings Outlook For Chipotle Mexican Grill
On Tuesday, July 20, Chipotle Mexican Grill (NYSE:CMG) will release its latest earnings report. Here is Benzinga's outlook for the company.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Sell-side analysts expect Chipotle Mexican Grill's EPS to be near $6.49 on sales of $1.88 billion. Chipotle Mexican Grill earnings in the same period a year ago was $0.4 per share. Quarterly sales came in at $1.36 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release.
When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be up 1522.5%. Sales would be have grown 37.73% from the same quarter last year. Chipotle Mexican Grill's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 6.49 | 4.89 | 3.73 | 3.40 | 0.19 |
| EPS Actual | 7.46 | 5.36 | 3.48 | 3.76 | 0.40 |
| Revenue Estimate | 1.88 B | 1.74 B | 1.61 B | 1.59 B | 1.32 B |
| Revenue Actual | 1.89 B | 1.74 B | 1.61 B | 1.60 B | 1.36 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
For a full 12 months, the return has risen by 61.83%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. Chipotle Mexican Grill is scheduled to hold the call at 16:30:00 ET and can be accessed here.
