Chipotle Stock Faces Bearish Charts Despite Upbeat Q1 Estimates And Price Target Revisions – Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Chipotle Mexican Grill (NYSE:CMG)

April 23, 2025
12:27 pm

Chipotle Stock Faces Bearish Charts Despite Upbeat Q1 Estimates And Price Target Revisions – Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Chipotle Mexican Grill (NYSE:CMG)

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…

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