Sweetgreen, Inc. (SG) closed the most recent trading day at $7.04, moving +1.59% from the previous trading session. This change outpaced the S&P 500's 0.55% gain on the day. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 0.91%.
Shares of the company witnessed a loss of 1.28% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.28%, and the S&P 500's gain of 0.71%.
The upcoming earnings release of Sweetgreen, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.32, marking a 28% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $159.89 million, down 0.63% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.87 per share and a revenue of $683.56 million, signifying shifts of -10.13% and 0%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Sweetgreen, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 4.99% fall in the Zacks Consensus EPS estimate. Right now, Sweetgreen, Inc. possesses a Zacks Rank of #4 (Sell).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 210, placing it within the bottom 15% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Sweetgreen, Inc. (SG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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