Several research analysts have already predicted that the stocks of SBUX will be announcing an EPS of $0.76 for the current quarter. According to a report, nine of the investment analysts have already provided estimates into the earnings of the company, with the ball being rolled at $0.72 to stop at $0.79. The EPS reported by the company the previous year was $0.46, which leads to an impressive annual growth rate of about 265.2%. The company will be announcing its next quarterly results on the 27th of July.
The Quarterly Report Of SBUX
SBUX previously announced its quarterly earnings data on the 26th of April. The EPS reported by the company during this period was $0.62, which was more than the consensus estimate of $0.52. The return on equity for the company was -18.94%, with a net margin of about 4.18%. The revenue generated by the company during this period was $6.67 billion, which was slightly less than the consensus estimate of $6.75 billion.
There have been quite a few research equities that have commented on the stocks of SBUX. Credit Suisse Group has already increased the price target of the company from $116 to $125 with a rating of outperform in a 28th April research report. BMO Capital Markets has also increased the price target of the company from $120 to $125 with a rating of outperform in a 28th April research report.
BTIG Research has increased the price rating of the company from neutral to buy with a price target of $130 in a 16th March research report. Stifel Nicolaus has also increased the price target of the company from $115 to $124 with a rating of buy in a 26th April research report. In the end, JPMorgan Chase & Co has already increased the price target of the company from $97 to $104 with a rating of neutral in a 12th April research report.
Seven of the investment analysts have already issued the company with a rating of hold, while eighteen of them have issued the company with a rating of eighteen. Currently, SBUX has a buy rating with a $120.80 price target.
