Alert: New Earnings Report (7/30/24)-Starbucks Corp (NASDAQ: SBUX).

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Starbucks Corp (NASDAQ: SBUX) has reported E.P.S. of $0.93 for its third fiscal quarter (ending June 30) versus $1.00 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.58 versus $3.30 for the same period a year ago.

Recent Price Action

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On 7/30/24, Starbucks Corp (NASDAQ: SBUX) stock rose modestly by 1.0%, closing at $75.94. Moreover, trading volume in this advance was above average at 125% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -0.8% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, SBUX is expected to be an important Value Eraser.

Starbucks is currently unrated.

Rating Review

The stock is currently unrated.

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