Starbucks Likely To Report Lower Quarterly Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Starbucks is expected to report lower quarterly earnings, with analysts revising forecasts ahead of the earnings call. The company anticipates a decline in net revenues and global comparable sales, with earnings per share projected at 80 cents, down 25% year-over-year. Analysts have adjusted their ratings and price targets for Starbucks, reflecting the anticipated financial performance.
October 30, 2024 | 7:01 pm
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Starbucks is expected to report lower earnings for Q4, with EPS projected at $0.80, a 25% decrease from the previous year. Analysts have adjusted their ratings and price targets, reflecting the anticipated decline in financial performance.
Starbucks' anticipated decline in earnings and sales, along with analysts' adjustments to ratings and price targets, suggest a negative short-term impact on the stock price. The company's projected EPS of $0.80, a significant drop from the previous year, indicates potential challenges in its financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100