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. Stock
€2,930.0
0.380%
With 57 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
As a result the target price of 3082 € shows a slightly positive potential of 5.19% compared to the current price of 2930.0 € for Chipotle Mexican Grill Inc..
