Cava Group (CAVA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

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Group 1: Stock Performance - Cava Group (CAVA) closed at $132.12, reflecting a +0.45% change from the previous day, outperforming the S&P 500's loss of 0.28% [1] - Over the past month, Cava Group's shares have increased by 3.89%, surpassing the Retail-Wholesale sector's gain of 1.01% and the S&P 500's gain of 0.41% [1] Group 2: Upcoming Earnings - Cava Group is set to release its earnings report on November 12, 2024, with an expected EPS of $0.11, representing an 83.33% increase from the prior-year quarter [2] - The consensus estimate for quarterly revenue is $234.86 million, which is a 33.79% increase from the same period last year [2] Group 3: Annual Estimates - For the annual period, the Zacks Consensus Estimates project earnings of $0.44 per share and revenue of $940.81 million, indicating increases of +109.52% and +29.11% respectively from the previous year [3] Group 4: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Cava Group indicate a positive outlook for the company's business trends, with positive revisions seen as a sign of optimism [3][4] - Cava Group currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate having increased by 2.35% over the past month [5] Group 5: Valuation Metrics - Cava Group's Forward P/E ratio stands at 301.87, significantly higher than the industry's average Forward P/E of 23.69, indicating a premium valuation [6] - The Retail - Restaurants industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [6]

Cava has a lot of potential to get bigger in the future, but are investors already pricing in a lot of that growth?One of the hottest food stocks to own this year has been that of Cava Group (CAVA -0.19%). The Mediterranean restaurant chain went public last year, and while it didn't get off to a great start, 2024 has been a much better year for the stock. Year to date, Cava's valuation has risen by more than 220%, and it's currently trading around its 52-week high. What's behind the stock's impressive rally ...

Cava Group (CAVA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this Mediterranean restaurant chain have returned +8.9%, compared to the Zacks S&P 500 composite's +1% change. During this period, the Zacks Retail - Restaurants industry, which Cava falls in, has lost 2.2%. The key question now is: What could be the stock's future direction?Although media ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 25: CAVA Group, Inc. (CAVA) : This restaurant chain company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. CAVA Group's shares gained 77.2% over the last three months compared with the S&P 500's advanced of 7.5%. The company possesses a Momentum Score of A. Orla Mining Ltd. (ORLA) : This mining company has a Zack ...

Cava Group (CAVA) ended the recent trading session at $138.65, demonstrating a +1.53% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.22%. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.Heading into today, shares of the Mediterranean restaurant chain had gained 7.66% over the past month, outpacing the Retail-Wholesale sector's loss of 0.42% and the S&P 500's gain of 1.47% in that time.Th ...

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The third quarter of 2024 has been challenging for the restaurant industry as consumer spending tightens amid ongoing macroeconomic and geopolitical issues. Yet, quick-service restaurants (QSRs), especially those prioritizing value, have shown resilience in this tough environment. As budget-conscious consumers increasingly seek cost-effective dining options, value-focused segments have become more competitive, with brands ramping up promotional campaigns and cost-saving deals to attract and retain customers ...

Shares of this fast-casual restaurant chain have crushed the market this year.In its short time as a public company, Cava (CAVA 0.72%) has done a great job satisfying the hunger of its investors. Shares have skyrocketed 305% in the past 12 months. The S&P 500, in comparison, is up 35% during the same period. Investing is a long-term game. Therefore, people should view a potential investment in this restaurant stock with a time horizon that spans years, not months. With that being said, can Cava shares beat ...