Sweetgreen, Inc. (SG) saw a 1.42% increase to $7.85 in the latest trading session, outperforming the S&P 500’s decline of 0.28%. In comparison, the Dow dropped 1.09%, while the Nasdaq rose by 0.2%. Despite this upward movement, Sweetgreen’s shares have decreased by 3.25% over the past month, trailing behind the Retail-Wholesale sector’s gain of 0.18% and the S&P 500’s 1.64% increase.
The company is set to announce its earnings soon, with projections for an EPS of -$0.13, representing a 35.00% year-over-year increase. Estimated revenue is at $193.39 million, a 4.21% rise from the previous year. For the full year, earnings are projected at $0.62 per share and revenue at $708.46 million, reflecting growth of +154.39% and +4.27%, respectively. Sweetgreen holds a current Zacks Rank of #3 (Hold), with shares trading at a forward P/E ratio of 12.42 compared to the industry average of 20.29.
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