Starbucks and Mead Johnson Nutrition in Trading Spotlight Ahead of Earnings

Starbucks Corp (NASDAQ:SBUX) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for net income of 48 cents per share, a rise of 6.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 48 cents during the last month. For the year, analysts are projecting profit of $1.83 per share, a rise of 20.4% from last year.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 37 cents per share against a mean estimate of profit of 36 cents, and the quarter before, the company exceeded forecasts by 2 cents with net income of 36 cents versus a mean estimate of profit of 34 cents. On average, analysts predict $3.29 billion in revenue this quarter, a rise of 11.5% from the year ago quarter. Analysts are forecasting total revenue of $13.01 billion for the year, a rise of 11.2% from last year’s revenue of $11.7 billion.

Competitors to Watch: Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL), Panera Bread Company (NASDAQ:PNRA), Caribou Coffee Co., Inc. (NASDAQ:CBOU), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), McDonald’s Corporation (NYSE:MCD), Yum! Brands, Inc. (NYSE:YUM), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Tim Hortons Inc. (NYSE:THI), Wendy’s Arby’s Group Inc. (NYSE:WEN), Sonic Corporation (NASDAQ:SONC) and Darden Restaurants (NYSE:DRI).

Mead Johnson Nutrition Company (NYSE:MJN) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for profit of 51 cents per share, a decline of 10.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 54 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 51 cents during the last month. Analysts are projecting profit to rise by 14.5% versus last year to $2.77.

Last quarter, the company beat estimates by one cent, coming in at net income of 78 cents a share versus the estimate of profit of 77 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 11.7% in revenue from the year-earlier quarter to $897.9 million.

Competitors to Watch: Synutra Intl., Inc. (NASDAQ:SYUT), Feihe International Inc (NYSE:ADY), Wimm-Bill-Dann Foods OJSC (NYSE:WBD), Dean Foods Company (NYSE:DF) and Lifeway Foods, Inc. (NASDAQ:LWAY).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com