Sweetgreen, Inc. (SG) ended the recent trading session at $8.77, demonstrating a -3.63% change from the preceding day’s closing price. Meanwhile, the Dow experienced a rise of 1.14%, and the technology-dominated Nasdaq saw a decrease of 0.8%.
Coming into today, shares of the company had gained 18.34% in the past month. In that same time, the Retail-Wholesale sector lost 3.36%, while the S&P 500 lost 1.43%.
The investment community will be closely monitoring the performance of Sweetgreen, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.13, indicating a 35% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $193.39 million, up 4.21% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.62 per share and revenue of $708.46 million, indicating changes of +154.39% and +4.27%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Sweetgreen, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts’ positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Sweetgreen, Inc. currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Sweetgreen, Inc. is currently exchanging hands at a Forward P/E ratio of 14.6. Its industry sports an average Forward P/E of 20.35, so one might conclude that Sweetgreen, Inc. is trading at a discount comparatively.
We can additionally observe that SG currently boasts a PEG ratio of 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. As the market closed yesterday, the Retail – Restaurants industry was having an average PEG ratio of 2.
