Chipotle Mexican Grill, Inc. (NYSE: CMG) is slated to release results for second-quarter 2024 on Jul 24, after the market close. In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate by 15%. The company's top and the bottom line increased 14.1% and 27.3% year over year, respectively. Chipotle enhanced throughput and effective marketing initiatives like Braised Beef Barbacoa and Chicken Al Pastor, leading to strong sales and transaction growth. CMG has an impressive track record of surpassing earnings expectations, exceeding the consensus mark in each of the last four quarters. The average surprise over this period is 8.3%, as shown in the chart below. Image Source: Zacks Investment Research Trend in Estimate Revision The Zacks Consensus Estimate for second-quarter earnings per share has remained unchanged at 31 cents in the past 60 days. The estimated figure indicates a 24% increase from the year-ago EPS of 25 cents. Also, the consensus mark for revenues is pegged at $2.93 billion, indicating 16.6% year-over-year growth. Image Source: Zacks Investment Research What the Zacks Model Unveils Our proven model predicts an earnings beat for Chipotle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Earnings ESP: Chipotle has an Earnings ESP of +0.83%. Zacks Rank: ...