Chipotle Mexican Grill Inc reports results for the quarter ended March 31 - Earnings Summary

• Chipotle Mexican Grill Inc CMG.N reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 26 cents to 38 cents per share.

• Revenue rose 6.4% to $2.88 billion from a year ago; analysts expected $2.95 billion.

• Chipotle Mexican Grill Inc's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $386.6 million.

• Chipotle Mexican Grill Inc shares had fallen by 6.2% this quarter and lost 21.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.9% in the last three months.​

• In the last 30 days, fifteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Chipotle Mexican Grill Inc is $64.00

This summary was machine generated from LSEG data April 23 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)