Sweetgreen, Inc. (SG) ended the recent trading session at $7.67, demonstrating a +2.54% change from the preceding day's closing price. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
The company's shares have seen an increase of 6.7% over the last month, surpassing the Retail-Wholesale sector's loss of 3.54% and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of Sweetgreen, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.28, signifying a 3.70% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $169.57 million, down 1.64% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.34 per share and a revenue of $683.84 million, demonstrating changes of +129.82% and +0.64%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Sweetgreen, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.58% higher within the past month. Sweetgreen, Inc. currently has a Zacks Rank of #4 (Sell).
In the context of valuation, Sweetgreen, Inc. is at present trading with a Forward P/E ratio of 22.16. This represents a premium compared to its industry average Forward P/E of 21.04.
We can additionally observe that SG currently boasts a PEG ratio of 1.73. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 175, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Sweetgreen, Inc. (SG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).