Starbucks Corp reports results for the quarter ended December 31 - Earnings Summary

• Starbucks Corp SBUX.OQ reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of twenty eight analysts for the quarter was for earnings of 67 cents per share. Wall Street expected results to range from 59 cents to 80 cents per share.

• Revenue fell 0.3% to $9.40 billion from a year ago; analysts expected $9.31 billion.

• Starbucks Corp's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $780.9 million.

• Starbucks Corp shares had risen by 9.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.2% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 18 "strong buy" or "buy," 15 "hold" and 5 "sell" or "strong sell."

• The average consensus recommendation for the restaurants & bars peer group is also "hold"

Wall Street's median 12-month price target for Starbucks Corp is $107.00

This summary was machine generated from LSEG data January 29 at 01:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)