What to Expect From Starbucks Earnings

Retail

Published: October 29, 2014 1:05 pm

Last Updated: October 29, 2014 1:07 pm

Starbucks Corp. (NASDAQ: SBUX) will report its fiscal fourth-quarter and annual earnings Thursday after the U.S. markets close. Thomson Reuters has fourth-quarter consensus estimates of $0.74 in earnings per share and $4.23 billion in revenue, as well as full-year estimates of $2.67 in earnings per share and $16.50 billion in revenue.

In the fourth quarter of the previous year, Starbucks reported $0.63 in earnings per share and revenue of $3.80 billion. For the full year, the company had $2.26 in earnings per share and $14.89 billion in revenue.

Starbucks announced prior to earnings that it will roll out the first phase of a multiyear investment initially by giving all baristas and shift supervisors a pay increase. It will later go on to offer increased wages correlating with employee tenure, and employees will be given an annual pay review when they are eligible for an increase.

Apart from the imminent wage increase, employees will offered promotional opportunities for providing support within their stores.

ALSO READ: Do SodaStream Earnings Signal a Potential Buyout?

Zacks reiterated a Neutral rating for Starbucks with a price target of $81 on September 10. Citigroup reiterated a Buy rating and raised its price target to $91 from $84 on August 4.

Starbucks tested the 50-day moving average for over a month, spanning early August to mid-September. Following this period, Starbucks dropped under the 50-day moving average, which acted as resistance until shares crossed over, riding its strong rally in mid-October.

Shares of Starbucks were trading down about 0.5% at $76.59 in the noon hour on Wednesday. They have a consensus analyst price target of $90.55 and a 52-week trading range of $67.93 to $82.50. Starbucks has a market cap of $57 billion.

[protected-iframe id=”0384a9838b680bcb1d542365be32a9e1-5450697-30366712″ info=”//companies.findthebest.com/w/4tX469a6lcp” width=”600″ height=”400″ frameborder=”0″ scrolling=”no”]

Starbucks Corporation – Quarterly EPS (BNRI) | FindTheBest

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.