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Starbucks (SBUX) Gains But Lags Market: What You Should Know
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Starbucks (SBUX - Free Report) closed the most recent trading day at $70.80, moving +0.18% from the previous trading session. This move lagged the S&P 500's daily gain of 0.37%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the coffee chain had lost 0.24% over the past month, lagging the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 1.83% in that time.
SBUX will be looking to display strength as it nears its next earnings release. On that day, SBUX is projected to report earnings of $0.56 per share, which would represent year-over-year growth of 5.66%. Meanwhile, our latest consensus estimate is calling for revenue of $6.31 billion, up 4.54% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.72 per share and revenue of $26.28 billion, which would represent changes of +12.4% and +6.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SBUX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SBUX is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, SBUX currently has a Forward P/E ratio of 26.01. This valuation marks a premium compared to its industry's average Forward P/E of 22.74.
Also, we should mention that SBUX has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 2.02 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 144, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Starbucks (SBUX) Gains But Lags Market: What You Should Know
Starbucks (SBUX - Free Report) closed the most recent trading day at $70.80, moving +0.18% from the previous trading session. This move lagged the S&P 500's daily gain of 0.37%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the coffee chain had lost 0.24% over the past month, lagging the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 1.83% in that time.
SBUX will be looking to display strength as it nears its next earnings release. On that day, SBUX is projected to report earnings of $0.56 per share, which would represent year-over-year growth of 5.66%. Meanwhile, our latest consensus estimate is calling for revenue of $6.31 billion, up 4.54% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.72 per share and revenue of $26.28 billion, which would represent changes of +12.4% and +6.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SBUX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SBUX is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, SBUX currently has a Forward P/E ratio of 26.01. This valuation marks a premium compared to its industry's average Forward P/E of 22.74.
Also, we should mention that SBUX has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 2.02 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 144, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.