On Thursday, April 27th, Starbucks (SBUX) will release its second quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of B.
In our video David will take a look at the current state of Starbucks, their past earnings announcements, and he’ll give us his thoughts on their upcoming earnings call. Furthermore, David will also give us insight on how to play the options market.
Starbucks in Focus
Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. The company's objective is to establish Starbucks as the most recognized and respected brand in the world.
Starbucks is expected to report earnings at $0.45 per share according to the Zacks Consensus Estimate. Last quarter they met earnings expectations at $0.52 per share. Their average EPS surprise is 0.46%.
Starbucks Corporation Price, Consensus and EPS Surprise
Starbucks Corporation Price, Consensus and EPS Surprise | Starbucks Corporation Quote
How should investors play Starbucks ahead of their earnings report? For insights on the best options trades, then tune in 11:00 am CST tomorrow to see David’s thoughts.
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Starbucks Corporation (SBUX): Free Stock Analysis Report
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