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.
24/7 Wall St.It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.