Cava Group Inc (CAVA, Financial) is set to release its Q3 2024 earnings on Nov 12, 2024. The consensus estimate for Q3 2024 revenue is $233.59 million, and the earnings are expected to come in at $0.11 per share. The full year 2024's revenue is expected to be $938.06 million and the earnings are expected to be $0.42 per share. More detailed estimate data can be found on the Forecast page.
Cava Group Inc (CAVA, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Cava Group Inc (CAVA) for the full year 2024 have increased from $902.10 million to $938.06 million. For 2025, estimates have risen from $1.08 billion to $1.14 billion. Earnings estimates have also seen an upward revision; for the full year 2024, estimates increased from $0.33 per share to $0.42 per share, and for 2025, from $0.45 per share to $0.52 per share.
Cava Group Inc (CAVA, Financial) Reported History
In the previous quarter of 2024-06-30, Cava Group Inc's (CAVA) actual revenue was $233.50 million, which beat analysts' revenue expectations of $219.50 million by 6.38%. Cava Group Inc's (CAVA) actual earnings were $0.17 per share, which beat analysts' earnings expectations of $0.12 per share by 39.34%. After releasing the results, Cava Group Inc (CAVA) was up by 19.63% in one day.
Cava Group Inc (CAVA, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 11 analysts, the average target price for Cava Group Inc (CAVA) is $127.36 with a high estimate of $155 and a low estimate of $100. The average target implies a downside of -13.48% from the current price of $147.20.
Based on GuruFocus estimates, the estimated GF Value for Cava Group Inc (CAVA, Financial) in one year is $0, suggesting a downside of -100% from the current price of $147.20.
Based on the consensus recommendation from 16 brokerage firms, Cava Group Inc's (CAVA, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
