07:15 AM EDT, 04/24/2024 (MT Newswires) -- Chipotle Mexican Grill ( CMG ) is due with its Q1 results in the extended hours today, and analysts polled by Capital IQ expect the company to report a profit of $11.67 per share on revenue of $2.67 billion.

CMG has widened its earnings-driven after-hours trade in next-day regular session play in 42 of 63 quarters, or 67% of the time, over the last 16 years.

Heading into the quarterly results, shorts are recording a pattern favoring next-day widening moves. Longs also historically see their earnings-driven after-hours gains bulk up with additional upside in next-day regular session trade.

The stock has declined 31 times in reaction to earnings over the 63 quarters for which we have data. It has reversed that move nine times and widened 22 times in next-day trade, or 71% of the time. Of the 32 quarterly gains, shares extended that move 20 times, or 63% of the time.

Price: 2,935.99, Change: +20.99, Percent Change: +0.72