Starbucks Likely To Report Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Starbucks Corporation (NASDAQ:SBUX) is expected to report higher Q4 earnings at 92 cents per share, up from 81 cents per share a year ago. The company's revenue is projected to be $8.76 billion, compared to $8.41 billion in the year-ago period. Starbucks's Board of Directors recently approved a 7.5% increase in the company's quarterly cash dividend. However, the company's shares fell 1% to close at $91.35 on Wednesday. Several analysts have recently adjusted their price targets for the company.
November 02, 2023 | 7:01 am
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Starbucks is expected to report higher Q4 earnings and revenue. The company's dividend has increased, but its share price fell recently. Analysts have adjusted their price targets for the company.
The news is directly about Starbucks and its upcoming Q4 earnings report. The increase in the company's dividend is a positive sign, but the recent fall in its share price and the adjustments in analysts' price targets indicate uncertainty about the company's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100