Starbucks Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Starbucks Corporation SBUX is expected to release earnings results for its second quarter fiscal year 2024, after the closing bell on April 30, 2024.

Analysts expect the Seattle, Washington-based company to report quarterly earnings at 79 cents per share, up from 74 cents per share in the year-ago quarter. Starbucks is projected to report quarterly revenue of $9.13 billion, according to data from Benzinga Pro.

On March 20, Starbucks announced that its Board of Directors approved a quarterly cash dividend of 57 cents per share of outstanding common stock.

Starbucks shares rose 0.1% to close at $88.33 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Nick Setyan maintained a Neutral rating and cut the price target from $95 to $92 on April 26. This analyst has an accuracy rate of 82%.
• Guggenheim analyst Gregory Francfort maintained a Buy rating and cut the price target from $100 to $91 on April 19. This analyst has an accuracy rate of 72%.
• Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $102 to $95 on April 12. This analyst has an accuracy rate of 76%.
• Stifel analyst Chris O'Cull maintained a Hold rating and slashed the price target from $102 to $90 on April 11. This analyst has an accuracy rate of 70%.
• Wells Fargo analyst Zachary Fadem maintained an Overweight rating with a the price target of $105 on April 1. This analyst has an accuracy rate of 86%.

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