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Will Chipotle Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Chipotle Mexican Grill (NYSE: CMG), which belongs to the Zacks Retail - Restaurants industry.
When looking at the last two reports, this Mexican food chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters.
For the last reported quarter, Chipotle came out with earnings of $0.27 per share versus the Zacks Consensus Estimate of $0.23 per share, representing a surprise of 17.39%. For the previous quarter, the company was expected to post earnings of $0.19 per share and it actually produced earnings of $0.21 per share, delivering a surprise of 10.53%.
Price and EPS Surprise