Sweetgreen Inc expected to post a loss of 16 cents a share - Earnings Preview

SWEETGREEN

08/05/2024 03:03

* Sweetgreen Inc  SG.N   SG  is expected to show a rise in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Los Angeles California-based  company is expected to
report
a 21.5% increase in revenue to $151.971 million from $125.06
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sweetgreen Inc is for a
loss
of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Sweetgreen
Inc is
$22.00​, below​ its last closing price of $23.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.24       -0.22      -0.23     Missed  -6.4
 Sep. 30 2023  -0.18       -0.16      -0.21     Missed  -28.7
 Jun. 30 2023  -0.18       -0.16      -0.19     Missed  -18.3​
 Mar. 31 2023  -0.36       -0.35      -0.29     Beat    17.1
 ​​Dec.        -0.35       -0.35      -0.44     Missed  -26.9
 31 2022                                                
 Sep. 30 2022  -0.36       -0.37      -0.33     Beat    9.7​
 Jan. 1 0001   -0.36       -0.36      -0.36     Met     -0.3
 Mar. 31 2022  -0.42       -0.41      -0.45     Missed  -9.1
 This summary was machine generated May 8 at 02:02 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)