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Thursday, October 28, 2021

SBUX Expected To Report Sales Revenue Of $8.31Bn For The Quarter

Brokerages forecast Starbucks Company (NASDAQ: SBUX) will post a sales revenue of $8.31Bn for the present fiscal quarter. Estimates have been provided by 8 analysts. The estimates range between $8.12Bn and $8.45Bn. In the same period in the previous year, $6.20Bn worth of sales revenue was reported. The next earnings report is scheduled to be announced on 4th November, Thursday.

Detailed Commentary On SBUX Stock

The latest earnings result of SBUX was announced on 26th July, Monday. An EPS of $1.01 was reported, which beat the $0.78 consensus estimate. The net margin stood at 10.43% while the equity return was a negative 43.16%. In the same period last year, a $7.50Bn revenue was reported.

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Several research analysts have issued their reports on SBUX stock recently. Guggenheim started covering the stock on 26th July, Monday. They gave a rating of “neutral” while setting a target price of $125. Credit Suisse Group increased their objective price to $125 from $116 while issuing a rating of “outperform” on 28th April, Wednesday. Royal Bank of Canada increased their objective price to $136 from $134 while issuing a rating of “outperform” on 28th July, Wednesday. Piper Sandler increased their objective price to $108 from $104 while issuing a rating of “neutral” on 28th July, Wednesday. Barclays increased their objective price to $145 from $140 while issuing a rating of “overweight” on 28th July, Wednesday.

John Culver, the COO, sold off 148,619 SBUX shares on 6th August, Friday at an average $119 price per share. Kevin R. Johnson, the CEO, sold off 359,177 SBUX shares on 29th July, Thursday at an average $122.81 price per share.

On Tuesday, the opening value of SBUX stocks was $115.15. The highest and lowest value of the stock over twelve months stands at $126.32 and $77.25 respectively.

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