For its second fiscal quarter (ending March 31), Starbucks Corp (NASDAQ: SBUX) has reported a -14% decline in E.P.S. from $0.79 a year ago to $0.68 in the current quarter. This performance was $-0.27 short of the consensus estimate of $0.95. E.P.S. were $3.65 for the latest four quarters through March 31 versus $3.11 for the same period a year ago — an increase of 17%.
Recent Price Action
Starbucks Corp (NASDAQ: SBUX) stock closed at $88.49 on 4/30/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by unusually high trading volume at 171% of normal. The stock is unchanged during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SBUX’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.
Starbucks is currently unrated.
Rating Review
The stock is currently unrated.
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