Mark your calendars for Wednesday 30th October 2024, as Starbucks Corporation (NASDAQ: SBUX) will be revealing its fourth quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
Financial analysts on Wall Street are anticipating that the concern will announce an estimated $1.03 profit per share for the quarter. Furthermore, the firm is projected to disclose a total revenue of $9.38 billion for this period.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $36.5 billion. At the same time, the earnings per share for the company are also anticipated to reach profit of $3.55 during the fiscal year.
Examining the corresponding quarter from the previous year, the company's earnings report unveiled a income of $1.06 per share. This number was attributed to the company's total revenue, which settled at an impressive $9.37 billion during the same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q3 2024 | $0.93 | -7.0% | 9.11 B | -0.6% |
| Q2 2024 | $0.68 | -8.1% | 8.56 B | -1.8% |
| Q1 2024 | $0.90 | +20.0% | 9.43 B | +8.2% |
| Q4 2023 | $1.06 | +30.9% | 9.37 B | +11.4% |
| Q3 2023 | $1.00 | +19.0% | 9.17 B | +12.5% |
| *Growth on year-over-year basis | ||||
SBUX will host a conference call with investment community on 30th October 2024 at 05:00 PM eastern time to discuss the financial results.
Starbucks Corporation (SBUX) shares traded as low as $97.55 and as high as $99.14 on a day volume of 6.79 million shares, closed Monday's regular trading session at $98.02, an increase of 0.73 percent.
