Can Starbucks clean up its tarnished coffee crown? You will soon have a better view of the company's turnaround plans.Coffee chain titan Starbucks (SBUX 0.52%) just released a preliminary report for the fourth quarter of 2024. Sales are coming in lower than expected due to fewer (but more profitable) transactions. The newly installed management team under food service turnaround expert Brian Niccol canceled their full-year guidance targets and said there won't be any firm financial targets for the next fisc ...

Key TakeawaysStarbucks withdrew its outlook for 2025, sending shares lower before paring back most of their losses Wednesday.Bank of America analysts said a reset was largely expected and anticipate "easy wins."New CEO Brian Niccol could be “well suited for SBUX turnaround," the analysts said, given similar challenges Niccol faced at Chipotle. Starbucks (SBUX) on Tuesday withdrew its outlook for 2025, sending shares sharply lower before paring back most losses in intraday trading Wednesday. Bank of America ...

Shares of Starbucks Corporation (SBUX) declined 4.2% in the after-hours trading session on Tuesday after the company reported disappointing preliminary results for the fourth quarter and fiscal 2024.For the fiscal fourth quarter, the coffee giant saw a year-over-year global comparable store sales decline of 7%, with consolidated net revenues dipping 3% to $9.1 billion. GAAP earnings per share were 80 cents, reflecting a 25% year-over-year drop on a constant-currency basis. Then again, adjusted earnings per ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Starbucks Corporation (NASDAQ: SBUX). Shareholders who purchased shares of SBUX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/starbucks-loss-submission-form/?id=109174&from=3 CLASS PERIOD: November 2, 2 ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Starbucks Corporation (NASDAQ: SBUX) between November 2, 2023 and April 30, 2024, both dates inclusive (the “Class Period”), of the important October 28, 2024 lead plaintiff deadline. SO WHAT: If you purchased Starbucks securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange ...

Key TakeawaysStarbucks shares dropped in premarket trading on Wednesday after the global coffee chain suspended its 2025 outlook and reported disappointing preliminary quarterly results, as new CEO Brian Niccol starts implementing a turnaround strategy.Buyers have defended the lower trendline of a symmetrical triangle and the 50-day moving average, though the stock sits poised to break down below the pattern.Investors should monitor key support areas on Starbucks' chart around $90 and $83, while watching ov ...

Wall Street doesn't like uncertainty. This is why shares of Starbucks Corporation SBUX fell after the company withdrew its guidance.As you can see on the chart, the stock found support around the $94 level. Stocks tend to find support at price levels that had been support before. This is why our team of trading experts has made it our Stock of the Day.Markets find support at levels that had previously been support because of investor and trader psychology. It is because of remorseful sellers.There are peopl ...

文章核心观点 - 预计Starbucks公司在2024年9月季度将同比下降收益,收入也将下降 [1] - 公司实际业绩如何与预期相比将影响股价走势 [1] - 管理层在财报电话会议上对业务状况的讨论将决定股价的持续变化和未来收益预期 [1] 根据相关目录分别进行总结 Zacks Consensus Estimate - 预计Starbucks公司在即将公布的季度报告中每股收益为1.03美元,同比下降2.8% [2] - 预计收入为93.3亿美元,同比下降0.5% [2] Estimate Revisions Trend - 分析师在过去30天内将该季度的共识每股收益预测下调了2.9% [3] - 这反映了分析师对公司业绩的集体重新评估 [3] Earnings Whisper - 分析师在财报发布前对业绩的预测修正可能反映了该期间的业务状况 [4] - Zacks Earnings ESP衡量最新预测与共识预测的差异,可能预示实际业绩与预期的偏离 [4] How Have the Numbers Shaped Up for Starbucks? - Starbucks的最新预测低于共识预测,表明分析师对其盈利前景持悲观态度 [6] - 这导致Earnings ESP为-0.84% [6] - 公司目前的Zacks评级为4,这使得很难确定Starbucks将超越共识每股收益预测 [6] Does Earnings Surprise History Hold Any Clue? - 在上一个季度,Starbucks的实际每股收益与预期一致 [7] - 在过去4个季度中,公司仅有1次超越了共识每股收益预测 [7] An Industry Player's Expected Results - 同行业的麦当劳公司预计在2024年9月季度的每股收益为3.17美元,同比下降0.6% [9] - 麦当劳的Earnings ESP为0.54%,加上Zacks评级3,表明其很可能会超越共识每股收益预测 [9] - 在过去4个季度中,麦当劳2次超越了共识每股收益预测 [9]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Starbucks (SBUX) .Starbucks currently has an average brokerage recommendat ...

Starbucks shares dropped Wednesday after the company warned its inflation-battered customers are cutting back on its pricey coffee — even as its new CEO Brian Niccol begins a turnaround bid.The Seattle-based java giant released preliminary results for the latest quarter, revealing its same-store sales dropped 7% in the fourth quarter — its steepest decline since the pandemic. Preliminary sales fell 3% to $9.1 billion in revenue, below expectations of $9.4 billion. 3 Starbucks shares were poised to plunge ...