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Starbucks (SBUX) Stock Moves -0.66%: What You Should Know
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The latest trading session saw Starbucks (SBUX - Free Report) ending at $94, denoting a -0.66% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 1.43% for the day. Meanwhile, the Dow experienced a drop of 0.32%, and the technology-dominated Nasdaq saw a decrease of 2.43%.
Coming into today, shares of the coffee chain had gained 2.85% in the past month. In that same time, the Retail-Wholesale sector lost 2.31%, while the S&P 500 lost 1.55%.
Analysts and investors alike will be keeping a close eye on the performance of Starbucks in its upcoming earnings disclosure. The company's earnings report is set to go public on November 2, 2023. The company's upcoming EPS is projected at $0.97, signifying a 19.75% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $9.22 billion, up 9.59% from the year-ago period.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Starbucks. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.16% higher within the past month. Starbucks currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Starbucks is currently being traded at a Forward P/E ratio of 23.27. This valuation marks a premium compared to its industry's average Forward P/E of 19.63.
We can also see that SBUX currently has a PEG ratio of 1.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants was holding an average PEG ratio of 1.65 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 65, finds itself in the top 26% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Starbucks (SBUX) Stock Moves -0.66%: What You Should Know
The latest trading session saw Starbucks (SBUX - Free Report) ending at $94, denoting a -0.66% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 1.43% for the day. Meanwhile, the Dow experienced a drop of 0.32%, and the technology-dominated Nasdaq saw a decrease of 2.43%.
Coming into today, shares of the coffee chain had gained 2.85% in the past month. In that same time, the Retail-Wholesale sector lost 2.31%, while the S&P 500 lost 1.55%.
Analysts and investors alike will be keeping a close eye on the performance of Starbucks in its upcoming earnings disclosure. The company's earnings report is set to go public on November 2, 2023. The company's upcoming EPS is projected at $0.97, signifying a 19.75% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $9.22 billion, up 9.59% from the year-ago period.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Starbucks. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.16% higher within the past month. Starbucks currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Starbucks is currently being traded at a Forward P/E ratio of 23.27. This valuation marks a premium compared to its industry's average Forward P/E of 19.63.
We can also see that SBUX currently has a PEG ratio of 1.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants was holding an average PEG ratio of 1.65 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 65, finds itself in the top 26% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.