Earnings Preview For Starbucks
Portfolio Pulse from Benzinga Insights
Starbucks (NASDAQ:SBUX) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.94. Investors are looking for an earnings beat and positive guidance for future growth. Historical data shows that guidance often impacts stock price more than earnings results. Last quarter, Starbucks beat the EPS estimate by $0.14, leading to a 2.64% stock price increase the following day. Over the past year, Starbucks shares have declined by 15.02%, with mixed price changes following previous earnings reports.
January 29, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Starbucks is expected to report an EPS of $0.94 for the latest quarter. Investors will focus on the earnings beat and future guidance. Historical trends show that stock price can be significantly affected by the guidance provided. With shares down 15.02% over the last year, the earnings report could be a pivotal moment for the stock.
The short-term impact on SBUX stock will depend on whether the company beats the EPS estimate and provides positive guidance. Historical data suggests that the stock price could rise with a beat and favorable guidance, but given the mixed past performance and overall negative trend, the impact is uncertain. Therefore, a neutral score is given with high relevance due to the direct mention of the upcoming earnings, high importance as earnings are a significant event for investors, and moderate confidence reflecting the unpredictable nature of market reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100