Sweetgreen, Inc. shares closed up 1.49% at $8.87, outpacing a session in which the S&P 500 fell 0.25%, the Dow lost 0.86% and the Nasdaq gained 0.24%. Ahead of the company's upcoming financial release, the Zacks Consensus Estimate projects a quarterly loss of $0.28 per share, a 3.7% decline from the year-ago quarter, on net sales of $168.56 million, down 2.22% year over year. For the full fiscal year, consensus estimates call for earnings of $0.34 per share and revenue of $682.69 million, representing changes of +129.82% and +0.47% respectively from the prior year. Over the past month the consensus EPS estimate has moved 0.58% higher, though Sweetgreen currently carries a Zacks Rank of #4 (Sell). The stock trades at a forward P/E of 25.9 versus an industry average of 20.7, and a PEG ratio of 2.02 versus an industry average of 1.76.
Sweetgreen IncAnalysts project a wider quarterly loss and Zacks Rank #4 (Sell), though the stock rose 1.49% and EPS estimates edged higher.
