Chipotle Mexican Grill Inc. CMG will report its first-quarter earnings after market close on Wednesday. Here’s what its charts and recent price revisions by analysts indicate.
What Happened: Chipotle is expected to report earnings of $0.28 per share, representing a 12% increase from the fourth quarter EPS of $0.25 per share, according to Benzinga Pro data.
Also, Wall Street expects the fast-food chain to deliver a revenue of $2.97 billion, 4.21% higher than its fourth quarter revenue of $2.85 billion.
The company announced its entry into the Mexican market through a newly signed partnership with Latin American restaurant operator Alsea on Monday. The Chief Business Development Officer at Chipotle, Nate Lawton, said, “We are…
