Starbucks Corporation (NASDAQ:SBUX) is projected to declare fiscal second quarter financial results right before the stock market’s official open on April 27, 2017. The stock lost about -6.7 percent in price since last results when it was at $58.46 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 7 times.
Here’s how traders responded to SBUX earnings announcements over the past few quarters.
Starbucks Corporation (SBUX) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 0.46 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.52 which came in line with the consensus $0.52 projection (no surprise). For the quarter, revenue came in at 5.73B versus consensus estimate of 5.85B. The stock dropped -4 percent the session following the earnings reports were released, and on 7th day price change was -7.85 percent.
On November 3, 2016, it reported earnings at $0.56 a share compared with the consensus estimate of $0.55 per share (positive surprise of 1.82%). Revenue of 5.71B for that quarter was above the $5.68B analysts had expected. The stock climbed 1.9% the day following the earnings announcement, and on 7th day price change was 3.49%.
On July 21, 2016, it recorded $0.49 a share in earnings which missed the consensus estimate of $0.49 (negative surprise of 0%). Revenue for the quarter was $5.24B while analysts called for revenues to be $5.33B. The stock gained 0.51% the day following the earnings data was made public, and on 7th day price change was 1.05%.
On April 21, 2016, it announced earnings per share at $0.39 versus the consensus estimate of $0.39 per share (negative surprise of 0%). That came on revenues of $4.99B for that period. Analysts had expected $5.03B in revenue.
Starbucks Corporation Earnings Estimates
As Q2 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.6. The analysts’ present consensus range is $0.57-$0.64 for EPS. The market consensus range for revenue is between $6.26B and $6.48B, with an average of $6.33B.
Starbucks Corporation (NASDAQ:SBUX) last ended at $54.63, sending the company’s market cap near $79.62B. The consensus 12-month price target from analysts covering the stock is $64.42. The share price has declined -9.94% from its top level in 52 weeks and advanced -1.16% this year. It recently traded in a range of $54.4-$54.88 at a volume of 9089540 shares. The recent trading ended with the price nearly -3.62 lower for the last 5 trading days, rebounding 8.44% from its 52-week low.