Chipotle Mexican Grill 2Q Earnings Pregame Scorecard

FOXBusiness

Having topped analysts' estimates last quarter by 4 cents per share, Chipotle Mexican Grill (NYSE:CMG) is expected to deliver its latest earnings on Thursday, July 19, 2012.

Expectations

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Analysts currently expect Chipotle Mexican Grill to come in with earnings of $2.30 per share on revenues of $706.6 million. Analysts gave estimates ranging from $2.13 per share to $2.52 per share. Over the past three months, the average estimate has moved up from $2.24.

Last Quarter's Results

In the first quarter, profit rose 35.1% to $62.7 million ($1.97 a share) from $46.4 million ($1.46 a share) the year earlier, exceeding analyst expectations. Revenue rose 25.8% to $640.6 million from $509.4 million.

Stock Ratings

Analysts think investors should stand pat on Chipotle Mexican Grill with 11 of 21 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $23.63 per share between June 26, 2012 and June 27, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $45.74 (-10.4%), from $438.11 to $392.37.

Company Fundamental Trends With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 24% over the last four quarters. The impending earnings announcement offers the opportunity expand on positive earnings momentum gained over last three quarters. Net income rose 25.3% in the third quarter of the last fiscal year and 23.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: $2.30

Revenue Estimate: $706.6 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)