Starbucks CorpQ) expected to post earnings of 93 cents a share - Earnings Preview
Starbucks CorpQ) is expected to report revenue of $9.242 billion for the quarter ending June 30, 2024. Analysts estimate earnings of 93 cents per share. The average analyst rating on the shares is "hold" with a median 12-month price target of $83.50. Previous quarterly performances show a mix of beats and misses.
Starbucks Corp (SBUX.OQ) (SBUX.O) is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024
The Seattle Washington-based company is expected to report a 0.8% increase in revenue to $9.242 billion from $9.17 billion a year ago, according to the mean estimate from 23 analysts, based on LSEG data. (Sales/Revenue majority is on Total Revenue basis)
LSEG’s mean analyst estimate for Starbucks Corp is for earnings of 93 cents per share.
The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 11 “strong buy” or “buy,” 26 “hold” and no “sell” or “strong sell.”
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street’s median 12-month price target for Starbucks Corp is $83.50, above its last closing price of $74.05. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jan. 1 0001 0.77 0.79 0.68 Missed -14.4
Dec. 31 0001 0.93 0.93 0.90 Missed -3.3
Jan. 1 0001 0.97 0.97 1.06 Beat 9.1
Jun. 30 2023 0.95 0.95 1.00 Beat 5
Mar. 0.65 0.65 0.74 Beat 14
31 2023
Dec. 31 2022 0.78 0.77 0.75 Missed -2.7
Sep. 30 2022 0.72 0.72 0.81 Beat 12.2
Jun. 30 2022 0.75 0.75 0.84 Beat 11.6
This summary was machine generated July 27 at 01:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)