Wall Street analysts forecast that Starbucks (SBUX Quick QuoteSBUX - Free Report) will report quarterly earnings of $0.49 per share in its upcoming release, pointing to a year-over-year decline of 27.9%. It is anticipated that revenues will amount to $8.79 billion, exhibiting an increase of 2.6% compared to the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Given this perspective, it's time to examine the average forecasts of specific Starbucks metrics that are routinely monitored and predicted by Wall Street analysts.

Analysts expect 'Net Revenues- Company-operated stores' to come in at $7.29 billion. The estimate indicates a change of +3.4% from the prior-year quarter.

Analysts' assessment points toward 'Net Revenues- Licensed stores' reaching $1.05 billion. The estimate indicates a year-over-year change of -0.6%.

Analysts predict that the 'Net Revenues- Other' will reach $456.59 million. The estimate indicates a change of +0.2% from the prior-year quarter.

The consensus estimate for 'Net Revenues- Channel Development' stands at $422.80 million. The estimate suggests a change of +1.1% year over year.

The collective assessment of analysts points to an estimated 'Net Revenues- North America' of $6.57 billion. The estimate indicates a year-over-year change of +2.9%.

The consensus among analysts is that 'Net Revenues- International' will reach $1.85 billion. The estimate indicates a year-over-year change of +5.1%.

The average prediction of analysts places 'Total Stores' at 40,887. The estimate is in contrast to the year-ago figure of 38,951.

According to the collective judgment of analysts, 'Total Licensed stores EOP' should come in at 19,371. Compared to the present estimate, the company reported 18,842 in the same quarter last year.

It is projected by analysts that the 'Total Stores - North America' will reach 18,635. The estimate is in contrast to the year-ago figure of 18,065.

Analysts forecast 'Total Company-operated stores EOP' to reach 21,512. Compared to the current estimate, the company reported 20,109 in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Total Stores - International' will likely reach 22,217. The estimate compares to the year-ago value of 20,886.

Based on the collective assessment of analysts, 'Licensed stores - International' should arrive at 12,042. Compared to the current estimate, the company reported 11,604 in the same quarter of the previous year.

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Shares of Starbucks have experienced a change of -15.5% in the past month compared to the -5.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SBUX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>