Filed under: After the bell, Earnings reports, Starbucks (SBUX), Technical Analysis

Tonight after the close, the coffee king of Seattle will unleash its fourth-quarter earnings report upon an anxious public. The consensus opinion on Wall Street is that Starbucks (NASDAQ: SBUX) will have banked 21 cents per share, a 23.5% increase from year-ago results of 17 cents. Analysts have been fairly skilled at projecting SBUX earnings of late; according to Briefing.com, SBUX has matched the Street’s expectations in each of the past five reporting periods. A negative or positive earnings surprise tonight would be just that — quite the surprise, indeed.

At its last earnings report in early August, the company warned that matching its earlier estimate for fiscal 2007 per-share earnings of 89 cents would be “very challenging.” A quarterly showing of 21 cents would put full-year results at 87 cents, a 19% increase from the previous year.

Continue reading Earnings preview: Starbucks (SBUX)

Permalink | Email this | Comments

Share This

This entry was posted on Thursday, November 15th, 2007 at 1:03 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.