Sweetgreen Inc expected to post a loss of 22 cents a share - Earnings Preview

SWEETGREEN

27/02/2024 21:10

* Sweetgreen Inc  SG.N   SG  is expected to show a rise in
quarterly revenue when it reports  results on February 29 for
the period ending December 31 2023
    * The Los Angeles California-based  company is expected to
report
a 28.3% increase in revenue to $152.128 million from $118.57
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 22 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sweetgreen
Inc is
$13.00​, above​ its last closing price of $11.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  -0.35       -0.35      -0.44     Missed  -26.9
 ​​Sep.        -0.36       -0.37      -0.33     Beat    9.7
 30 2022                                                
 Jun. 30 2022  -0.36       -0.36      -0.36     Met     -0.3​
 Mar. 31 2022  -0.42       -0.41      -0.45     Missed  -9.1
 Dec. 31 2021  -0.66       -0.66      -1.14     Missed  -73.1
 This summary was machine generated February 27 at 21:10 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)