Starbucks Corp. (NASDAQ: SBUX) is set to report its most recent quarterly results after the markets close on Thursday. The consensus estimates from Thomson Reuters are calling for $0.61 in earnings per share (EPS) and $6.25 billion in revenue. In the same period of last year, the coffee chain said it had EPS of $0.55 and $5.66 billion in revenue.
Recently, Starbucks announced that it will be opening its first “Signing Store” in the United States, specifically in Washington D.C. This new store will be manned by a team of deaf Starbucks partners (employees), and allies led an effort to launch this unique store model. The store is expected to open in early October and will be located at 6th and H Streets, near Gallaudet University, which is considered a bustling hub that is deaf-friendly.
Management believes that this store will create a distinctive retail experience for all customers, while offering a unique store format that promotes accessibility and offers employment and career advancement opportunities for deaf and hard of hearing people.
Overall, Starbucks has underperformed the broad markets, with its stock down about 10% in 2018 alone. In the past 52 weeks, the stock is down 12%.
A few analysts weighed in on Starbucks ahead of the report:
- BMO Capital Markets has a Hold rating with a $51 price target.
- Barclays has an Equal Weight rating.
- Telsey Advisory Group has a Market Perform rating and a $58 target.
- Stephen has an Equal Weight rating with a $53 price target.
- Jefferies has a Buy rating and a $61 target price.
Shares of Starbucks were last seen trading at $51.58, with a consensus analyst price target of $59.09 and a 52-week range of $47.37 to $61.94.
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