Starbucks is positioned to potentially beat earnings estimates again in its next quarterly report, with a positive Earnings ESP of +2.43% and a Zacks Rank #3 (Hold). The coffee chain has topped estimates in each of its last two reports, posting an average surprise of 21.21% over that span. In the most recent quarter, Starbucks reported earnings of $0.85 per share against the Zacks Consensus Estimate of $0.66 per share, a surprise of 28.79%. The prior quarter delivered earnings of $0.5 per share versus an expected $0.44 per share, a surprise of 13.64%. Zacks research shows that stocks combining a positive Earnings ESP with a Zacks Rank #3 or better produce a positive surprise nearly 70% of the time.
Starbucks CorporationPositive Earnings ESP of +2.43% and Zacks Rank #3 point to another earnings beat, following two straight quarters of large EPS surprises.
