Why Chipotle's Earnings Beat Doesn't Matter
Chipotle Mexican Grill (NYSE: CMG) shares initially spiked after the company's second quarter earnings call, as the company reported $2.32 in earnings per share, beating analysts' expectations by $0.14.
But the bottom-line beat took attention away from the company struggling sales -- its top-line came in below expectations, and given the recent norovirus outbreak in Virginia, the sales disappointment is likely to continue in the coming quarters.
Image source: Getty Images.
Source: Fool.com
Chipotle Mexican Grill Inc. Aktie
28,40 €
-2,91 %
Die Chipotle Mexican Grill Inc. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Das Kursziel von 39 € für Chipotle Mexican Grill Inc. impliziert eine deutliche Steigerung um über 20% gegenüber 28.4 €.
