|Bid||61.03 x 200|
|Ask||61.76 x 400|
|Day's Range||60.77 - 61.47|
|52 Week Range||52.58 - 64.87|
|PE Ratio (TTM)||31.17|
|Forward Dividend & Yield||1.20 (1.96%)|
|1y Target Est||N/A|
Amazon Go’s cashier-less supermarket, is open for business in Seattle. The high-tech store will let you shop for food without having to deal with a check-out line. It allows you to do this with cameras and computer algorithms that track what you collect. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan Wolff-Mann break down the details.
Due to the high visibility in Starbucks’s (SBUX) earnings, we have opted to look at the forward PE (price-to-earnings) multiple. The forward PE multiple is calculated by dividing the company’s stock price from analysts’ earnings estimates for the next four quarters. Starbucks’s expansion plans in China and the expectation of a decline in effective tax rate due to the enactment of tax reforms appear to have increased investor confidence, leading to a rise in Starbucks’s stock price and its forward PE multiple.
For fiscal 1Q18, analysts are expecting Starbucks (SBUX) to post adjusted EPS (earnings per share) of $0.57, which represents growth of 9.6% from $0.52 in fiscal 1Q17. The EPS growth is expected to be driven by revenue growth, a lower effective tax rate, and share repurchases. Share repurchases reduce the number of shares outstanding, thus boosting the company’s EPS.
Starbucks is testing out a cashless store in downtown Seattle. The coffee chain, often lauded in the technology industry for innovations in mobile payments, is no longer accepting cash at its location in the Russell Investments Center. Starbucks will accept credit cards or payments through the company's mobile app, just not cash.
For fiscal 1Q18, analysts are expecting Starbucks (SBUX) to post revenue of $6.2 billion, which represents growth of 8.1% from $5.7 billion in fiscal 1Q17. The revenue growth is expected to be driven by the addition of new restaurants, positive SSSG (same-store sales growth), and an increase in revenue from channel development and other segments. Compared to fiscal 1Q17, Starbucks operated 405 more company-operated restaurants and 1,200 more franchised restaurants by the end of fiscal 4Q17.
Starbucks (SBUX) is scheduled to announce its fiscal 1Q18 earnings after the market closes on January 25, 2018. In fiscal 4Q17, Starbucks posted adjusted EPS (earnings per share) of $0.55 on revenues of $5.7 billion against analysts’ estimate of $0.56 on revenues of $5.8 billion. Despite posting lower-than-expected earnings, the stock has increased due to the expectation of a decline in its effective tax rate on the enactment of tax reforms and the company’s expansion in China, where the company posted a strong performance in fiscal 2017.
Wynn Resorts, Imax, Johnson & Johnson, Ford and Starbucks as Zacks Bull and Bear of the Day
William Priest: Trees don’t grow to the sky, but I am going to repeat two picks from last year that have gone up a lot because I believe they will keep rising. The first is Universal Display [OLED], an $8 billion-market-cap company. When a colleague of mine discovered the company, he told us that it was the best stock idea he had seen in 30 years.
Last quarter, Starbucks backed off on its goals for revenue and profit growth. Here's what to expect when it reports its results next week.
A Memphis-based company that employs young adults on the autism spectrum has launched phase two of its campaign to reclaim its name from Starbucks. The purpose of the business, however goes beyond that: to improve the high unemployment rate for young adults on the autism spectrum. GiveGood claimed its mission was negatively impacted by Starbucks holiday campaign that featured the theme “Give Good” on the hot-cup sleeve of its products.