Why The Earnings Surprise Streak Could Continue For Starbucks

From: finance.yahoo.com

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Starbucks (SBUX). This company, which is in the Zacks Retail – Restaurants industry, shows potential for another earnings beat.

This coffee chain has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.59%.

For the last reported quarter, Starbucks came out with earnings of $0.32 per share versus the Zacks Consensus Estimate of $0.31 per share, representing a surprise of 3.23%. For the previous quarter, the company was expected to post earnings of $0.76 per share and it actually produced earnings of $0.79 per share, delivering a surprise of 3.95%.

Read More

Suggested Reading