Starbucks meet earnings estimates of 70 cents per share in its fiscal Q4 earnings report, up 13% year over year. Sales of $6.75 billion outpaced the $6.67 billion analysts were seeking, up more than 6% from the year-ago quarter. Shares are up 3% in the post-market on the news, and keeps its record of not missing earnings estimates since Q3 2015. Global comps rose 6%, up 5% in China. Shares aren’t cheap, but the market likes the results. Source Zackz.com
Technically the stock is in the process of staging a reversal after a sizeable selloff, as the market rotation turned investors back towards tech.
P/E ratio 29.
Average analysts price target $96 | Overweight rating.
Technically the stock is in the process of staging a reversal after a sizeable selloff, as the market rotation turned investors back towards tech.
P/E ratio 29.
Average analysts price target $96 | Overweight rating.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.