Chipotle (CMG) is set to report Q1 earnings after the close today (last quarter the co reported at 16:05). The co will host a conference call to discuss later at 16:30.
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$PNRA
CMG is expected to report Q3 earnings tonight after the close. There is a conference call scheduled for 16:30 (the company typically does not provide any EPS or revenue guidance).
Capital IQ consensus calls for Q3 EPS of $1.62 (versus $4.59 last year) on revenue of $1.048 bln (-13% YoY).
For Q3, the Street is expecting Q3 comps to decline by 18%
The company is still seeing the impacts of the E Coli crisis which negatively impacted comps and earnings.
- FY16 Guidance: For 2016, co expects 220 - 235 new restaurant openings & an effective full year tax rate of ~ 38.4%
Pershing Square 9.9% Stake
- On September 6, shares spiked as much as 8% after Pershing Square disclosed a 9.9% active stake, intends to engage in discussions w/ mgmt. and the Board.
- On October 21, Pershing Square affirmed the 9.9% active stake, disclosed the purchase of 2,328,250 shares of Common Stock for an aggregate purchase price of $947,367,983 pursuant to forward purchase contracts described in the Original 13D
PEERS TO WATCH: JACK, PNRA, BWLD, DPZ
Capital IQ EPS consensus: 1.16 Capital IQ Rev consensus: 5.82 bln