Sweetgreen, Inc. (SG) closed at $6.74 in the latest trading session, marking a -5.6% move from the prior day. This change lagged the S&P 500's 0.12% gain on the day. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.2%.
The stock of company has risen by 51.92% in the past month, leading the Retail-Wholesale sector's gain of 12.69% and the S&P 500's gain of 9.3%.
Market participants will be closely following the financial results of Sweetgreen, Inc. in its upcoming release. The company plans to announce its earnings on May 7, 2026. The company's earnings per share (EPS) are projected to be -$0.22, reflecting a 4.76% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $165.96 million, indicating a 0.21% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.75 per share and revenue of $708.61 million. These totals would mark changes of +34.21% and +4.29%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Sweetgreen, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, the Zacks Consensus EPS estimate has shifted 0.22% downward. Sweetgreen, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 169, placing it within the bottom 31% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Sweetgreen, Inc. (SG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).