Chipotle (CMG) Gears Up to Report Q1 Earnings: What to Expect?

Chipotle Mexican Grill, Inc. (CMG) is scheduled to report first-quarter 2024 results on Apr 24. In the last reported quarter, the company delivered an earnings surprise of 6.5%.How Are Estimates Placed?The Zacks Consensus Estimate for first-quarter earnings is pegged at $11.56, indicating growth of 10.1% from $10.5 registered in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $2.7 billion, suggesting an increase of 12.8% from the prior-year quarter’s figure. Let’s discuss the facto ...