Earnings Preview: What To Expect From Starbucks After The Close

From: forbes.com

Starbucks Corporation SBUX -1.7% is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $99.72/share in 2019 and is currently trading near $74/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Starbucks is expected to report a loss of ($0.61)/share on $4.34 billion in revenue. Meanwhile, the so-called Whisper number is ($0.54). The Whisper number is the Street’s unofficial view on earnings.

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