Chipotle is scheduled to release its third-quarter earnings on Oct. 21 after the markets close. Let’s look at Wall Street analysts’ consensus expectations for Chipotle in the third quarter.
When is Chipotle’s earnings date?
Chipotle will likely report its third-quarter results on Oct. 21 during the after-hours trading session. The company has scheduled an earnings conference call on the same day at 4:30 p.m. ET.
In the third quarter, Wall Street analysts expect Chipotle to post sales of $1.59 billion, which would be 13 percent higher than $1.4 billion in sales in the third quarter of 2019. Analysts also expect Chipotle to post an adjusted EPS of $3.40 in the third quarter compared to $3.82 in the same quarter a year ago.
What is Chipotle’s stock price?
Chipotle stock trades on the NYSE under the ticker symbol “CMG.” The stock was trending upwards in the pre-market trading session on Monday, Oct. 19. Chipotle stock was up about 0.7 percent at $1,348.35 as of 10:53 a.m. ET. The stock fell 0.3 percent on Oct. 16 and closed at $1,339.68 with a market capitalization of about $37 billion.
Chipotle stock has risen by 5.4 percent in the last five days and 58.3 percent in the last year. The stock is trading 2.6 percent below its 52-week high of $1,384.46 and 225 percent above its 52-week low of $415. Chipotle doesn’t pay cash dividends to its shareholders.
What is Chipotle’s stock forecast?
Currently, analysts' stock price forecast for Chipotle is $1,310.26, which suggests a 2.8 percent downside. The highest target price of $1,600 implies an 18.7 percent upside, while the lowest target price of $890 suggests a 34 percent downside. Among the 35 Wall Street analysts tracking Chipotle, seven recommend a buy, 23 recommend a hold, and five recommend a sell.
On Oct. 19, Christopher Carril of RBC Capital increased his target price on Chipotle stock from $1,250 to $1,320 and maintained a sector perform rating on the stock. According to TheFly, “The analyst notes that earnings should be roughly in-line, though he also sees potential for margin and EPS upside amid the company's top-line recovery. Carril also expects Digital to be a key driver for Chipotle in the quarter given the recent management commentary and continued strong app usage data.”
Chipotle's investor relations
Chipotle has scheduled the conference call for its third-quarter earnings on Oct. 21 at 4:30 p.m. ET. Participants can access the live webcast on the company’s investor relations website.