Onity Group's 15-minute chart has triggered a MACD Death Cross and a Bearish Marubozu at 12:15 on October 3, 2023. This indicates that the stock price has the potential to continue falling, with sellers dominating the market, and bearish momentum likely to persist.
Cava Group (CAVA), a Mediterranean restaurant chain, closed the most recent trading day at $63.24, marking a 2.55% increase from the previous session. The stock outperformed the S&P 500, which gained 0.06%, and the Dow, which increased by 0.17%. The Nasdaq, a tech-heavy index, added 0.39% to its value. Over the past month, CAVA shares lost 6.43%, lagging the Retail-Wholesale sector's gain of 0.29% and the S&P 500's gain of 3.94%.
Investors are eagerly awaiting Cava Group's upcoming earnings release. The company is projected to report earnings of $0.14 per share, representing a year-over-year decline of 6.67%. The latest consensus estimate predicts revenue to be $294.91 million, indicating a 20.95% increase compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.56 per share and a revenue of $1.18 billion, indicating changes of +33.33% and +22.91%, respectively, from the previous year.
Cava Group is currently holding a Zacks Rank of #3 (Hold), indicating a neutral outlook. The stock is trading at a Forward P/E ratio of 110.13, which is a premium compared to the industry average Forward P/E of 22.81. The PEG ratio for CAVA is 3.08, slightly higher than the industry average of 2.23. The Retail - Restaurants industry, of which CAVA is a part, holds a Zacks Industry Rank of 193, positioning it in the bottom 22% of all 250+ industries.
Investors should be aware of any recent modifications to analyst estimates for Cava Group, as these revisions reflect the latest short-term business trends and can have a direct correlation with impending stock price performance. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance.
Cava Group (CAVA) Laps the Stock Market: Here's Why[1] https://finance.yahoo.com/news/cava-group-cava-laps-stock-214503443.html
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