Starbucks Corp. (SBUX) Set to Announce Earnings on Thursday
Starbucks Corp. (NASDAQ:SBUX) will be posting its quarterly earnings results on Thursday, January 23rd. Parties interested in listening to the company’s conference call can do so using this link.
Starbucks Corp. (NASDAQ:SBUX) last released its earnings data on Thursday, October 31st. The company reported $0.60 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.60. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company posted $0.46 earnings per share. Starbucks Corp.’s revenue was up 12.8% compared to the same quarter last year. On average, analysts expect Starbucks Corp. to post $2.65 EPS for the current fiscal year and $3.19 EPS for the next fiscal year.
Starbucks Corp. (NASDAQ:SBUX) opened at 73.65 on Wednesday. Starbucks Corp. has a 52 week low of $52.52 and a 52 week high of $82.50. The stock has a 50-day moving average of $77.38 and a 200-day moving average of $75.81. The company has a market cap of $55.503 billion and a P/E ratio of 7490.00.
A number of research firms have recently commented on SBUX. Analysts at Goldman Sachs Group Inc. downgraded shares of Starbucks Corp. from a “conviction-buy” rating to a “buy” rating in a research note to investors on Tuesday. On the ratings front, analysts at Belus Capital downgraded shares of Starbucks Corp. to a “hold” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at UBS AG initiated coverage on shares of Starbucks Corp. in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.56.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
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