Starbucks Earnings Are Brewing: Options Market Implies 5% Move
Portfolio Pulse from Lisa Levin
Starbucks Corporation (NASDAQ:SBUX) is expected to report quarterly earnings after the closing bell Tuesday. Options markets are implying a move of around plus or minus 5% after the release of quarterly earnings. Traders expect Starbucks stock to trade lower through the September expiration. Analysts expect the company to report quarterly earnings at 86 cents per share on revenue of $8.42 billion.
August 01, 2023 | 1:57 pm
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Starbucks is expected to report quarterly earnings soon. The options market is implying a move of around +/-5% after the earnings release. Traders expect the stock to trade lower through September.
The options market is implying a significant move in Starbucks' stock price following their earnings report. This, combined with traders' expectations for the stock to trade lower, suggests potential downward pressure on the stock in the short term.
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