S&P 500 (NYSE:SPY) component Starbucks Corp (NASDAQ:SBUX) will unveil its latest earnings on Thursday, July 28, 2011. Starbucks Corporation purchases, roasts and sells whole bean coffees, along with brewed coffees, Italian-style espresso beverages, cold blended beverages and a selection of accessories. Here are facts about Starbucks you must know>>
Starbucks Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 34 cents per share, a rise of 17.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $1.50 per share, a rise of 17.2% from last year.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported net income of 34 cents per share versus a mean estimate of profit of 34 cents per share. In the first quarter, the company beat estimates by 6 cents.
Wall St. Revenue Expectations: On average, analysts predict $2.85 billion in revenue this quarter, a rise of 9.2% from the year ago quarter. Analysts are forecasting total revenue of $11.5 billion for the year, a rise of 7.4% from last year’s revenue of $10.71 billion.
Analyst Ratings: 14 out of 24 analysts surveyed (58.3%) have a buy rating on Starbucks.. This is below the mean analyst rating of eight competitors, which average 72.7% buy ratings.
The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 20.4% while it rose 43.5% in the first quarter and 85.9% in the fourth quarter of the last fiscal year.
The company’s revenue has now risen for two straight quarters. In second quarter, revenue increased 9.9% to $2.79 billion from the year earlier quarter. In the first quarter, the figure rose 8.4%.
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).
Stock Price Performance: During May 25, 2011 to July 22, 2011, the stock price had risen $4.23 (11.7%) from $36.12 to $40.35. The stock price saw one of its best stretches over the last year between January 12, 2011 and January 25, 2011 when shares rose for nine-straight days, rising 4.5% (+$1.44) over that span. It saw one of its worst periods between April 1, 2011 and April 11, 2011 when shares fell for seven-straight days, falling 4.7% (-$1.76) over that span. Shares are up $8.46 (+26.5%) year to date.
(Source: Xignite Financials)