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LIVE: Chipotle announces earnings

Akin Oyedele   

LIVE: Chipotle announces earnings
Finance1 min read

It's Chipotle's turn.

The fast-casual restaurant chain is set to report third-quarter earnings after the closing bell on Tuesday.

Analysts estimate that the restaurant chain earned $4.62 in adjusted earnings per share on revenues of $1.22 billion. They forecast that comparable store sales (at locations open for at least one year) rose 2.5% during the quarter.

In a preview to clients, Deutsche Bank analysts noted that the company faces a tough comparison, following same-store sales growth of 19.8% in the third quarter of 2014.

Also, the stock rocketed about 12% in the month following the second-quarter results this year, when Chipotle smashed earnings expectations.

The company had supply chain issues this year, and stopped serving pork at hundreds of restaurants because some suppliers violated its standards.

The stock was down about 1% in the final hour of trading on Tuesday. It's up 3% year-to-date and 8% over the last 12 months.

Keep it here, as we'll be back with all the details of Chipotle's results once they cross.

NOW WATCH: How to double the size of a Chipotle burrito for free

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