Market Overview

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.

Related Link: Here's Why BJ's Restaurants Is Wedbush's Top Pick For Q1

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.

Posted-In: BMO Capital Markets Cowen EstimizeAnalyst Color Previews Trading Ideas


Related Articles (SBUX)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

RBC's Mark Mahaney On What Yahoo! Needs For A Turnaround

TRU Simulation + Training Signs Agreement to Provide A320-200 Full Flight Simulator for Pan Am International Flight Academy