1. SBUX to report Q3 earnings on July 29, projecting 65 cents per share. 2. Expected revenue for SBUX is $9.31 billion, up from $9.11 billion. 3. Starbucks missed analyst revenue estimates in seven of the last ten quarters. 4. Stock price fell 0.8%, closing at $93.67 on Monday. 5. Analyst price targets vary, but some show decreased expectations.
The company's recent performance reflects continual missed estimates, indicating ongoing challenges. Historical trends show that consistent earnings misses typically lead to stock price declines, exemplified by SBUX's failure to meet expectations over multiple quarters.
The upcoming earnings report is crucial against a backdrop of missed expectations. Negative trends in revenue and earnings projections suggest cautious investor sentiment.
Q3 earnings will be released shortly, impacting sentiment and trader behavior immediately. Past data illustrates that SBUX shares react quickly to earnings surprises.