Sweetgreen Inc expected to post a loss of 10 cents a share - Earnings Preview

SWEETGREEN

07/08/2024 24:33

* Sweetgreen Inc  SG.N   SG  is expected to show a rise in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Los Angeles California-based  company is expected to
report
a 18.5% increase in revenue to $180.782 million from $152.53
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sweetgreen Inc is for a
loss
of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sweetgreen
Inc is
$33.00​, above​ its last closing price of $25.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.17       -0.18      -0.23     Missed  -27.4
 Jan. 1 2024   -0.24       -0.22      -0.23     Missed  -2.8
 Sep. 30 2023  -0.18       -0.17      -0.21     Missed  -21​
 Jan. 1 0001   -0.18       -0.16      -0.19     Missed  -18.3
 ​​Jan.        -0.36       -0.35      -0.29     Beat    17.1
 1 0001                                                 
 Dec. 31 2022  -0.35       -0.35      -0.44     Missed  -26.9​
 Sep. 30 2022  -0.36       -0.37      -0.33     Beat    9.7
 Jun. 30 2022  -0.36       -0.36      -0.36     Met     -0.3
 This summary was machine generated August 6 at 23:32 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)