Starbucks Q3 Earnings Preview: Estimates, Analyst Price Targets And Key Items To Watch
Portfolio Pulse from Chris Katje
Starbucks Corporation (NASDAQ:SBUX) is set to report its Q3 financial results. Analysts expect Q3 revenue of $9.29 billion and earnings of 95 cents per share. The company has beaten revenue estimates in five of the last six quarters and earnings per share estimates in three of the last four quarters. Analysts have updated their ratings and price targets ahead of the report. Key items to watch include the company's international segment and the impact of its partnership with K-pop group BLACKPINK.
August 04, 2023 | 9:23 am
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Starbucks is expected to report strong Q3 results, which could positively impact its stock. However, potential strikes related to unions could negatively affect the company.
The expected strong Q3 results could boost Starbucks' stock. However, the potential strikes related to unions that have formed at several of its stores could create uncertainty and negatively impact the stock.
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