Core Insights - Analysts project that Cava Group (CAVA) will report quarterly earnings of $0.13 per share, reflecting a year-over-year decline of 13.3% while revenues are expected to reach $293.31 million, marking a 20.3% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 18% in the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue and Sales Growth - Analysts estimate that 'Revenue- CAVA Restaurant' will reach $292.18 million, representing a year-over-year change of +21% [4] - The average prediction for 'CAVA Same Restaurant Sales Growth' is 3.2%, a significant decrease from the previous year's figure of 18.1% [5] Restaurant Metrics - The estimated number of 'End of period CAVA Restaurants' is 416, up from 352 year-over-year [5] - Analysts project 17 new CAVA restaurant openings, including converted Zoes Kitchen locations, compared to 11 in the previous year [5] Profitability and Occupancy - 'Occupancy as a percentage of CAVA Revenue' is expected to be 6.7%, slightly down from 6.8% in the same quarter last year [6] - 'Restaurant-Level profit- CAVA' is estimated to reach $73.71 million, an increase from $61.82 million year-over-year [6] Stock Performance - Cava shares have decreased by 2% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.6% [6] - CAVA holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [6]
Unlocking Q3 Potential of Cava (CAVA): Exploring Wall Street Estimates for Key Metrics