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On Tuesday, February 02, Chipotle Mexican Grill (NYSE:CMG) will release its latest earnings report. Benzinga's outlook for Chipotle Mexican Grill is included in the following report.
What Are Earnings, Net Income, And Earnings Per Share?
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Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Analysts expect Chipotle Mexican Grill earnings of $3.73 per share. Revenue will likely be around $1.61 billion, according to the consensus estimate. Chipotle Mexican Grill EPS in the same period a year ago totaled $2.86. Sales were $1.44 billion.
Why Analyst Estimates And Earnings Surprises Are Important
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 report earnings in line when it publishes results Tuesday, quarterly profit would be up 30.42%. Sales would be up 11.81% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 3.40 | 0.19 | 2.90 | 2.75 |
| EPS Actual | 3.76 | 0.40 | 3.08 | 2.86 |
| Revenue Estimate | 1.59 B | 1.32 B | 1.42 B | 1.40 B |
| Revenue Actual | 1.60 B | 1.36 B | 1.41 B | 1.44 B |
Stock Performance
Over the last 52-week period, shares of Chipotle Mexican Grill are up 68.17%.
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.