Seeking Clues to Sweetgreen (SG) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Analysts on Wall Street project that Sweetgreen, Inc. (SG) will announce quarterly loss of -$0.12 per share in its forthcoming report, representing an increase of 7.7% year over year. Revenues are projected to reach $191.54 million, increasing 3.7% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 6.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.With that in mind, let's delve into the average projections of some Sweetgreen metrics that are commonly tracked and projected by analysts on Wall Street.It is projected by analysts that the 'Same-store sales' will reach -5.3%. Compared to the present estimate, the company reported 9.0% in the same quarter last year.The average prediction of analysts places 'Ending restaurants' at 256 . The estimate compares to the year-ago value of 231 .Analysts forecast 'New Restaurant Openings' to reach 5 . Compared to the current estimate, the company reported 4 in the same quarter of the previous year. View all Key Company Metrics for Sweetgreen here>>> Shares of Sweetgreen have experienced a change of -18.8% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SG is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sweetgreen, Inc. (SG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks