In the latest trading session, Sweetgreen, Inc. (SG) closed at $7.82, marking a +1.96% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.65%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.82%.
Shares of the company have appreciated by 6.68% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 4.29%, and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Sweetgreen, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.31, indicating a 24% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $159.89 million, reflecting a 0.63% fall from the equivalent quarter last year.
SG's full-year Zacks Consensus Estimates are calling for earnings of -$0.86 per share and revenue of $684.16 million. These results would represent year-over-year changes of -8.86% and 0%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Sweetgreen, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Sweetgreen, Inc. is currently a Zacks Rank #4 (Sell).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 210, finds itself in the bottom 15% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sweetgreen, Inc. (SG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
