Starbucks Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Starbucks Corporation (NASDAQ:SBUX) is set to release its Q2 FY2024 earnings on April 30, 2024, with analysts forecasting an EPS of 79 cents, up from 74 cents the previous year, and revenue of $9.13 billion. The company's Board approved a quarterly dividend of 57 cents per share. Shares slightly rose by 0.1% to $88.33 recently. Analysts from Wedbush, Guggenheim, Citigroup, Stifel, and Wells Fargo have provided varied ratings and price targets for Starbucks, reflecting cautious optimism.
April 30, 2024 | 2:25 pm
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Starbucks is anticipated to report an increase in EPS and revenue for Q2 FY2024, with a recent dividend approval and a slight stock price increase. Analysts have adjusted their price targets with a general trend towards cautious optimism.
The anticipation of positive earnings results, combined with a recent dividend approval and slight stock price increase, suggests a positive short-term impact. Analysts' adjustments to price targets, despite being mixed, lean towards a positive outlook, indicating a potential uplift in SBUX's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100