PREVIEW: Starbucks Earnings for April 27, 2011 Post-Market (SBUX)

Starbucks SBUX is set to announce its Q2 earnings results after the bell today. Analysts are anticipating earnings of 34 cents a share on $2.73 billion in revenue. Starbucks is a roaster and retailer of specialty coffee, operating in more than 50 countries. The company purchases, roasts, and sells whole bean coffees, as well as numerous other coffee and tea beverages. In addition to the Starbucks brand, the company portfolio includes brands such as Tazo Tea, Seattle's Best Coffee, and Starbucks VIA Ready Brew. Shares of Starbucks have risen 11% since the last earnings report. The stock is currently trading at $36.81, slightly below their 52-week high of $38.21, which was set on March 10th. In its last report, Starbucks posted earnings of $0.45 per share versus estimates of $0.39 cents per share.