5 Coffee Stocks Buzzing Ahead of Starbucks Earnings
After the market close on Thursday, coffee giant Starbucks (NASDAQ:SBUX) will reports its third quarter earnings report. In light of the news, here’s four additional stocks that may be a good call for coffee addicts.
Starbucks Corporation (NASDAQ:SBUX): Analysts have estimated Starbucks’ earnings per share at $0.36 for the third quarter. The company recently announced its Create Jobs for USA program with the Opportunity Finance Network. Starbucks will take donations in its 6,800 stores and place them into a nationwide fund for community business lending, according to a company press release.
Contributions of $5 or more come with a red, white, and blue wristband with the message “Indivisible.”
On November 1, donations may be made online at Create Jobs for USA . Get the most recent company news and stock data here >>
Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR): Green Mountain’s stock took a hit after Peet’s third quarter earnings report. It’s also in recovery mode after a 34 percent drop in October after a damaging presentation by hedge fund manager David Einhorn. It included accounting fraud allegations.
Green Mountain will report its fiscal 2011 fourth quarter earnings on Wednesday, November 9, 2011. Get the most recent company news and stock data here >>
Peet’s Coffee & Tea, Inc. (NASDAQ:PEET): Peet’s Mountain reported its third quarter earnings on Wednesday with revenues at $91.2 million, up 14 percent year over year and an earnings per share increase of 14 percent, year over year. These numbers beat estimates by $1.5 million and $0.01, respectively. Growth came from a 38 percent rise grocery sales.
However,Peet’s guidance for 2011 earnings per share ($1.40-$1.50 with $1.50 consensus) and its 2012 earnings per share ($1.70-$1.80 with $1.80 consensus) didn’t go over well in the market and the stock dropped. Get the most recent company news and stock data here >>
Caribou Coffee Company, Inc. (NASDAQ:CBOU): In celebration of National Coffee Day on Sept. 29, Caribou was cited by the website, Coffee Addiction, as the seventh-fastest growing American coffee company. Also on that date, the coffee was seeing a 24 percent year to date return.
The company will report its third quarter earnings on Tuesday, November 8. Get the most recent company news and stock data here >>
Dunkin’ Brands Group Inc. (NASDAQ:DNKN): It’s been a tough week for the Dunkin’s Brands. The company reported its third quarter earnings report on Tuesday and disclosed that its profit was off 61 percent from paying down debt and increased expenses from going public.
On a positive note, revenues increased by more than 9 percent, to $163.5 million in the third quarter as compared to the previous year from franchise fee and royalty income increases. The stock fell on the news and continued dropping on Wednesday after Peet’s disappointing guidance. Get the most recent company news and stock data here >>
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