Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Cava Group (NYSE: CAVA), which belongs to the Zacks Retail - Restaurants industry, could be a great candidate to consider.
When looking at the last two reports, this Mediterranean restaurant chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 150%, on average, in the last two quarters.
For the most recent quarter, Cava was expected to post earnings of $0.04 per share, but it reported $0.12 per share instead, representing a surprise of 200%. For the previous quarter, the consensus estimate was $0.01 per share, while it actually produced $0.02 per share, a surprise of 100%.
For Cava, estimates have been trending higher, thanks in part to this earnings surprise ...
