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The most recent trading session ended with Sweetgreen, Inc. (SG) standing at $17.17, reflecting a +1.24% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 2.51%. Meanwhile, the Dow experienced a rise of 2.66%, and the technology-dominated Nasdaq saw an increase of 2.71%.
The company's shares have seen a decrease of 35.09% over the last month, not keeping up with the Retail-Wholesale sector's loss of 6.97% and the S&P 500's loss of 8.86%.
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 8, 2025. The company is forecasted to report an EPS of -$0.22, showcasing a 4.35% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $164.39 million, reflecting a 4.15% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.60 per share and a revenue of $762.02 million, signifying shifts of +24.05% and +12.59%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Sweetgreen, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.01% fall in the Zacks Consensus EPS estimate. Sweetgreen, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 19% 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.