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What to Expect from Chipotle’s 2Q17 Earnings

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What to Expect from Chipotle’s 2Q17 Earnings PART 1 OF 6

Could Chipotle’s 2Q17 Earnings Boost Its Stock Price?

Stock performance

Denver-based fast casual restaurant Chipotle Mexican Grill (CMG) is scheduled to announce its 2Q17 earnings after the market closes on July 25, 2017. Since the announcement of its 1Q17 earnings on April 25, 2017, the stock price of the company has fallen 15.2%.

Could Chipotle&#8217;s 2Q17 Earnings Boost Its Stock Price?

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On June 19, 2017, Chipotle’s management announced that it is expecting its marketing and promotional expenses to rise 0.2%–0.3% in 2Q17 compared to 1Q17. Fast-food restaurants, which are focusing on improving the quality of their menu items, have provided increased competition. Additional competition has stemmed from the growth in sales of cook-it-yourself meal kits. As a result, investors have become skeptical of Chipotle’s future earnings, and its stock price has fallen.

In 1Q17, Chipotle had outperformed analyst estimates by posting EPS (earnings per share) of $1.60 on revenues of ~$1.1 billion. You can read more about Chipotle’s 1Q17 performance in Chipotle Hopes to Continue Its Rally after Strong 1Q17 Results.

Year-to-date performance

Since the beginning of 2017, Chipotle’s stock price has increased 6.0%. During the same period, the stock prices of Panera Bread (PNRA) and Shake Shack (SHAK) have returned 53.5% and -1.5%, respectively.

The Consumer Discretionary Select Sector SPDR ETF (XLY) and the S&P 500 Index (SPX) have returned 10.4% and 9.3%, respectively.

Series overview

With Chipotle’s 2Q17 earnings around the corner, we’ll look at analysts’ expectations and its management’s guidance for 2Q17. We’ll also cover analysts’ revenue and EPS estimates for the next four quarters. We’ll wrap this series up by looking at Chipotle’s valuation multiple and analysts’ recommendations ahead of its 2Q17 earnings.

Next, we’ll look at Chipotle’s 2Q17 revenue estimates.

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