Starbucks SBUX will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Starbucks to report an earnings per share (EPS) of $1.05.
The market awaits Starbucks's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings Track Record
During the last quarter, the company reported an EPS missed by $0.00, leading to a 2.65% increase in the share price on the subsequent day.
Here's a look at Starbucks's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.93 | 0.79 | 0.94 | 0.92 |
| EPS Actual | 0.93 | 0.68 | 0.90 | 1.06 |
| Price Change % | 3.0% | -16.0% | -1.0% | 3.0% |
To track all earnings releases for Starbucks visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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