Chipotle: Second Quarter Earnings Expected To Top $316 Million

Chipotle Meixcan Grill (NASDAQ: CMG) will be reporting their second quarter financial results on July 20th after markets close. Analysts have a consensus $1,724.92 12-month price target on the company, via a total of 32 analysts, with 11 analysts having strong buy ratings. 10 analysts meanwhile have buy ratings and 11 have hold ratings. The street high comes from Piper Sandler with an $2,100 price target, and the lowest target sits at $1,460.

24 analysts have revenue estimates for the second quarter. The mean between all 24 is $1.882 billion; this number has been revised upwards from $1.755 billion at the start of the year. The highest revenue estimate is $1.919 billion, while the lowest is $1.844 billion.

Onto EBITDA estimates, there are currently 20 analysts who have second-quarter EBITDA estimates. The mean is currently $316.19 million, with this number having been revised up from $264 million at the start of the year. Street high is a $334 million EBITDA estimate and the lowest estimate is currently sitting at $291.30 million.

Analysts estimate that quarterly earnings per share will come in at $6.52, with this number being revised up from $5.46 at the start of the year. Street high is $6.97 and the lowest estimate is $5.77 per share for the quarter.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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