Starbucks Corporation (NASDAQ:SBUX) retailer of specialty coffee, is reporting fourth quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.31 per share.
For the full year, analysts predict revenues of $ 23364.40 million, while looking forward to income of $ 0.97 per share.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.18 ~ $ 0.33 per share, while revenues are expected in a range of $ 5,735.00 million ~ $ 6,072.00 million
Full Year 2020 topline are forecasted in a range of$ 28,099.00 million ~ $ 28,629.00 million, where as bottomline are predicted in a range of $ 0.83 ~ $ 0.98 per share
Click Here For More Historical Outlooks Of Starbucks Corporation
Previous Quarter Performance
Starbucks Corporation posted loss for the third quarter of $ 0.46 per share, from the revenue of $ 4,222.00 million. The quarterly revenues dropped 38.12 percent compared with the same quarter last year. According to street consensus, SBUX was expected to report 3Q20 loss of $ 0.59 per share from revenue of $ 4058.70 million. The bottom line results beat street analysts by $ 0.13 or 22.03 percent, at the same time, top line results outshined analysts by $ 163.30 million or 4.02 percent.
Stock Performance
Shares of Starbucks Corporation traded low $ -2.88 or -3.20 percent on Wednesday, reaching $ 87.17 with volume of 12.74 million shares. Starbucks Corporation has traded high as $ 88.93 and has cracked $ 86.61 on the downward trend
According to the previous trading day, closing price of $ 87.17, representing a 80.03 % increase from the 52 week low of $ 50.02 and a 4.33 % decrease over the 52 week high of $ 94.13.
The company has a market capital of $ 101.90 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Wedbush at Neutral rating, with $ 88.00 target price.
- On 16th October 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 98.00 target price.
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 91.00 target price.
- On 30th September 2020, upgraded by Cowen to Outperform from Market Perform rating, with $ 99.00 target price.
Conference Call
Starbucks Corporation will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.starbucks.com
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
