Chipotle Mexican Grill Earnings Preview

Chipotle Mexican Grill (NYSE: CMG) is expected to continued its recent streak of double-digit year-over-year revenue growth when it reports its third-quarter 2011 results later today, October 20. The fast-casual restaurant operator raised its prices this summer to offset rising costs, so investors may also be keeping an eye on whether traffic or same-store sales were affected.Analysts on average predict that Chipotle will post earnings of $1.85 per share, which is up 17.8% from the same quarter of last year. That EPS estimate is unchanged over the past 90 days. Though Chipotle earnings fell short of estimates in the previous quarter, they beat expectations in the ten quarters before that.The forecast also calls for the company to report revenues of $584.1 million, which would be a 22.5% increase from a year ago. Looking ahead to the current quarter, which will include the holiday season, analysts so far are looking for 21.1% year-over-year growth in revenues. And the forecast for the full year so far calls for revenues up 22.5% from a year ago, with per-share earnings 17.2% higher.The CompanyChipotle Mexican Grill is headquartered in Denver and operates some 1,100 restaurants ...

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