Starbucks Q3 Earnings Preview: Elliott Management Could 'Get More Vocal And Shake Things Up'
Portfolio Pulse from Chris Katje
Starbucks Corporation (NASDAQ:SBUX) is set to report its Q3 earnings, with analysts expecting revenue of $9.24 billion and EPS of 93 cents. The company has missed revenue estimates in the last two quarters. Activist investor Elliott Management's stake and potential influence on the company's strategy are key points of interest. Analysts have mixed ratings, with several lowering their price targets. Starbucks is seeing a boost from the return-to-office trend, particularly in big cities.
July 29, 2024 | 9:14 pm
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Starbucks is expected to report Q3 earnings with revenue of $9.24 billion and EPS of 93 cents. The company has missed revenue estimates in the last two quarters. Activist investor Elliott Management's involvement could lead to strategic changes. Analysts have mixed ratings, with several lowering their price targets.
The earnings report is crucial as Starbucks has missed revenue estimates in the last two quarters. The involvement of Elliott Management could lead to significant strategic changes, which adds uncertainty. Mixed analyst ratings and lowered price targets indicate cautious sentiment.
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