The consensus estimate has dipped over the past three months from 46 cents. Analysts are expecting earnings of $1.83 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $2.93 billion by 13.6%, finishing at $3.33 billion for the quarter. For the year, revenue is projected to roll in at $13.38 billion.
The company’s net income has been growing for three straight quarters. The 18.5% year-over-year growth in net income in the most recent quarter came after the 10.2% profit growth in the first quarter and the 28.5% rise in the fourth quarter of the last fiscal year.
The majority of analysts (76.9%) rate Starbucks as a buy. This compares favorably to the analyst ratings of its nearest seven competitors, which average 60.4% buys. The past three months have seen Wall Street analysts become less optimistic about Starbucks. The stock price has fallen 10.5% since April 24, 2012, from $58.05 to $51.96.
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