Is Starbucks's Stock a Buy Ahead of Its Q3 Earnings Report Tomorrow?
As a group, analysts tracking the coffee giant are expecting a dip in revenue, but an improved earnings per share figure.
Overview
On Thursday, we’ll get a clearer picture of how the turnaround story at Starbucks (NASDAQ:SBUX) is progressing. The coffee slinger is scheduled to publish its fiscal third-quarter results after market close tomorrow (Wednesday, July 29).
So far this year, the stock is up by more than 23%, crushing the 8% growth of the bellwether S&P 500 index. That’s made it expensive in terms of valuations. The upcoming earnings report will show whether the company can maintain momentum while its “Back to Starbucks” strategy is still brewing.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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