Sweetgreen, Inc. (SG) closed at $8.86 in the latest trading session, marking a -2.32% move from the prior day. This change lagged the S&P 500's 1.65% gain on the day. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
Shares of the company have appreciated by 12.11% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 4.86%, and the S&P 500's gain of 0.48%.
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. In the meantime, our current consensus estimate forecasts the revenue to be $193.39 million, indicating a 4.21% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.62 per share and revenue of $708.46 million. These totals would mark changes of +154.39% and +4.27%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Sweetgreen, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.79% fall in the Zacks Consensus EPS estimate. Sweetgreen, Inc. presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Sweetgreen, Inc. currently has a Forward P/E ratio of 14.55. This indicates a discount in contrast to its industry's Forward P/E of 20.2.
We can also see that SG currently has a PEG ratio of 1.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.84 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Sweetgreen, Inc. (SG): Free Stock Analysis Report
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