Three restaurant stocks, including Chipotle, Texas Roadhouse, and Wingstop, are recommended for Q3 earnings.

From Nasdaq: 2024-10-18 07:31:00

The U.S. restaurant industry faces challenges like high wages, food cost inflation, and declining traffic. Despite this, select restaurant stocks like Chipotle Mexican Grill, Texas Roadhouse, and Wingstop have shown strong performance. These stocks are recommended due to their favorable Zacks Rank and potential for earnings growth. Industry growth is driven by digital innovation and delivery partnerships to boost sales.

Chipotle Mexican Grill focuses on quality food and digital innovation to cater to customer demands. With an Earnings ESP of +3.49%, the company has seen positive earnings estimates for Q3 2024, with a potential revenue increase of 13.9% year over year. Their long-term EPS growth rate is 22.1%, showcasing strong performance potential.

Texas Roadhouse offers a variety of menu options, with an Earnings ESP of +1.42%. The company has shown positive earnings estimates for Q3 2024, with expected revenue growth of 14.4% year over year. Their long-term EPS growth rate is 17.5%, indicating solid performance potential.

Wingstop’s focus on delivery expansion and menu innovation has led to positive earnings estimates for Q3 2024, with a projected revenue increase of 38.2% year over year. With an Earnings ESP of +0.13%, the company has a long-term EPS growth rate of 26.5%, highlighting strong growth potential.

These restaurant stocks show promise for earnings growth and outperformance in the industry. For more investment opportunities, consider the 7 elite stocks recommended by Zacks Investment Research for potential early price pops.



Read more at Nasdaq:: Buy 3 Thriving Restaurant Stocks Set to Beat on Q3 Earnings This Month