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Wednesday, July 25, 2012

Starbucks earnings estimates report july 26 2012

Starbucks earnings estimates report july 26 2012 : Wall Street is expecting higher profit for Starbucks (SBUX) when the company reports its third quarter results on Thursday, July 26, 2012. The consensus estimate is calling for profit of 45 cents a share, a rise from 36 cents per share a year ago.

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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