Chipotle’s Q4 Earnings: Could Investors Be in for a Surprise? CMG is set to release its fourth-quarter earnings on Tuesday, with analysts anticipating earnings per share (EPS) of 24 cents and revenues of $2.85 billion. The report will come after market hours, making for an interesting afternoon.

Over the past year, the stock has increased by 18.09%, though it has declined by 2.55% since the start of this year.

Now, let’s delve into the current trends for Chipotle stock and compare those to Wall Street’s expectations.

Explore More: Major Wall Street Experts Adjust Chipotle Price Predictions Before Q4 Results

Chipotle Stock Shows Promising Signs Ahead of Earnings

Currently, Chipotle stock is in a period of stagnation; however, there are signs of buying pressure that could lead to positive momentum.

Chart created using Benzinga Pro

As it stands, Chipotle stock is priced at $58.56, which is above its eight-day simple moving average (SMA) of $58.17 and its 20-day SMA of $57.61. Both indicators are considered positive short-term signals.

In the longer term, however, the story is more complicated. Chipotle stock is currently trading below its 50-day SMA of $60.46 and its 200-day SMA of $59.13, showing signs of lasting bearish pressure.

Momentum indicators offer a mixed view; the Moving Average Convergence Divergence (MACD) sits at -0.47, a bearish indicator, while the Relative Strength Index (RSI) registers at 49.56, suggesting the stock is in neutral territory.

Investors should keep an eye on whether buying enthusiasm can lift Chipotle above significant resistance levels, which would suggest a bullish breakout. Alternatively, long-term moving averages may continue to exert pressure on the stock.

Analysts Project 22% Upside for Chipotle

Current Ratings & Consensus Estimates: Analysts generally rate Chipotle stock as a Buy, with a target price of $776.64. Recent ratings from firms such as Raymond James, RBC Capital, and Bernstein suggest an average price target of $71.33, indicating a potential upside of 21.79%.

Price Action: On Monday, Chipotle stock wrapped up the trading day at $58.36, showing a slight increase of 0.02%.

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