Cava Group (CAVA) Stock Declines While Market Improves: Some Information for Investors

Shares of the Mediterranean restaurant chain witnessed a gain of 13% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.04% and the S&P 500's gain of 3.22%. CAVA's full-year Zacks Consensus Estimates are calling for earnings of $0.34 per share and revenue of $903.42 million. These results would represent year-over-year changes of +61.9% and +23.98%, respectively. Empirical research indicates that these revisions in estimates have a direct correlation with impe ...