CAVA (US:CAVA) ZACKSยท2024-11-04 23:55Group 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]