Stock Market

Earnings Preview: What To Expect From Starbucks After The Close

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.

Buy Starbucks Stock, Analyst Says. Home or Office, There’s a Store Nearby

Analyst Jon Tower initiated coverage on Starbucks (ticker: SBUX) with an Overweight rating and $92 price target, writing on Monday that “investors currently underappreciate the pliability of Starbucks’ business model and sustainability of long-term sales drivers in the presence of temporary disruptions of the business related to Covid-19.”

Why The Earnings Surprise Streak Could Continue For Starbucks

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%.

Surprise! Luckin Coffee Stock Has Quietly Doubled Since Its Delisting

Investors in China’s Luckin Coffee (OTC:LKNC.Y) have had to deal with a lot of surprises this year. Revelations of fraudulent accounting practices led to a long suspension in trading of the shares on the Nasdaq exchange. Top executives were ousted from the coffee store chain’s C-suite. And finally, Luckin shareholders got what many had considered to be the final straw: notice that the stock would get delisted from the Nasdaq.

Why Starbucks Shares Fell 16.3% In The First Half Of 2020

The COVID-19 pandemic threw a spanner in Starbucks’ growth plans, causing the coffee chain to falter as it had to shut numerous stores around the world. However, the company is still one of the stronger consumer stocks to own due to its brand strength and track record.