Starbucks to Report Q4 Earnings: What to Expect and Analyst Predictions

Get ready for a caffeine-fueled earnings report! Starbucks Corporation (SBUX) is set to release its financial results for the fourth quarter after the market closes on Wednesday, October 30. Investors are closely watching to see how the Seattle-based coffee giant performed in the face of economic headwinds.

Analysts are expecting a dip in earnings and revenue for the quarter. They project earnings per share to come in at $1.03, down from $1.06 in the same period last year. Revenue is estimated to be $9.37 billion, matching the previous year’s figure. These estimates come after Starbucks itself provided preliminary results, indicating a 3% decline in consolidated net revenue and a 7% drop in global comparable sales for the quarter. They also anticipate earnings of 80 cents per share, representing a 25% year-over-year decrease.

Despite these anticipated declines, some analysts remain optimistic about Starbucks’ future. Here’s a breakdown of recent analyst ratings:

*

Stifel’s Chris O’Cull

maintained a

Buy

rating with a reduced price target of $105 (previously $110). O’Cull, known for his 78% accuracy rate, believes in Starbucks’ long-term potential.
*

UBS’s Dennis Geiger

kept a

Neutral

rating but raised his price target from $85 to $95. This analyst, with a 70% accuracy rate, sees a balanced outlook for the company.
*

Citigroup’s Jon Tower

stayed at a

Neutral

rating but lowered his price target from $99 to $96. Tower, who boasts a 75% accuracy rate, appears to be taking a more cautious approach.
*

TD Cowen’s Andrew Charles

reiterated a

Buy

rating and maintained a $110 price target. This analyst, known for a 72% accuracy rate, remains confident in Starbucks’ growth trajectory.
*

BTIG’s Peter Saleh

also maintained a

Buy

rating, but raised his price target to $115 from $100. This analyst, with a 72% accuracy rate, seems particularly bullish on Starbucks’ future prospects.

With a variety of opinions from leading analysts, Starbucks’ earnings report is sure to be a hot topic. Keep an eye out for the official release on Wednesday evening to see how the company’s performance stacks up to expectations.