Starbucks Corporation (SBUX - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15.4% in the past one-month time frame.
The move came after the company reported better-than-expected fourth-quarter fiscal 2018 results.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Starbucks currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Another stock worth considering in the Retail - Restaurants industry is Good Times Restaurants Inc. (GTIM - Free Report) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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