Sweetgreen, Inc. (SG) stock rises despite market losses, with positive earnings and revenue projections

From NASDAQ: 2024-07-19 18:15:20

In the latest trading session, Sweetgreen, Inc. (SG) closed at $24.20, up 1.38% from the previous day, outperforming the S&P 500, which saw losses. Despite this, SG shares have fallen 18.75% in the last month, not aligning with sector trends. An upcoming earnings report on August 8, 2024, projects earnings of -$0.11 per share and $180.03 million in revenue, showing growth potential of 45% and 18.03% respectively year-over-year.

Zacks Consensus Estimates point towards positive projections for SG, predicting earnings of -$0.72 per share and revenue of $671.95 million for the full year. Recent analyst estimate revisions can serve as indicators of market performance. The Zacks Rank model incorporates these revisions, providing practical insights for investors. SG currently holds a Zacks Rank of #2 (Buy), signaling positive potential for stock price performance.

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Read more at NASDAQ: Sweetgreen, Inc. (SG) Ascends While Market Falls: Some Facts to Note