Starbucks Earnings: Here's What Wall Street And Main Street Think
Coffee king Starbucks Corporation (NASDAQ: SBUX) will report its second quarter financial results after the market closes on Thursday.
According to Estimize, the crowd, Wall Street analysts and the company all expect very similar results.
Wall Street analysts’ consensus EPS estimate of $0.33 is in line with guidance (also $0.33). They also model revenue of $4.509 billion, while the company did not provide revenue guidance.
The crowd, for its part, expects EPS of $0.34 on revenue of $4.506 billion.
Last year at this time, Starbucks posted quarterly EPS of $0.28, below current projections.
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It's also possible to see how estimates have changed over time.
‘Star Struck’ With Starbucks
In a recent report, analysts at BMO Capital Markets initiated coverage on Starbucks with an Outperform rating and a $56 price target. BMO, at the time, said the stock is an attractive long-term investment.
The company's "five-year plan margin assumptions may prove conservative," analyst Andrew Strelzik said.
Cowen also weighed in on Starbucks recently.
"[The] key to reaccelerating comps is growth in the SBUX Card and mobile payment, which fuels the company's digital initiatives. Mobile ordering will help expedite traffic growth while increasing the food attachment to boost ticket," the firm's analysts wrote.
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