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Biggest Earnings Today - Starbucks, Electronic Arts And Intel

Will Starbucks Corporation (NASDAQ:SBUX) disappoint with its Q3 Earnings today?

Starbucks Corporation (NASDAQ:SBUX) is set to report its Q3 2017 earnings today, after the closing bell. Shares of the Seattle, Washington based company have been in a continuous downtrend since hitting a 52-week high in June. SBUX stock has massively underperformed the broader markets year-to-date (YTD), having gained only 4.36% in the given time frame. Investors would be expecting the June quarter earnings report to give some impetus to the stock. Wall Street expects the company to report an EPS of 55 cents per share on revenue of $5.75 billion, translating into 12.24% YoY EPS growth and 9.8% YoY growth in revenue. In the last earnings call, the company had revised its earnings guidance to a Non-GAAP EPS of $0.55-$056 per share for Q3, expecting stronger performance in the second half of the year. The management quoted two main reasons for the revision. Firstly, the top management expects the opportunities in its Roastery Reserve and Princi businesses to accelerate. Secondly, the company's underperforming Teavana mall stores will have a larger impact on earnings growth than initially estimated.

Some analysts suggest keeping a close eye on the same-store numbers in Starbucks Q3 earnings as slowing same-store sales could be a cause of concern for the company. The earnings whisper number, the Street's unofficial view on earnings, is $0.56, implying a narrow beat. The earnings history of Starbucks has not been great. The company has delivered earnings beats only twice in the last 7 quarters, that too only by a margin of 1 cent and has met expectations in the remaining quarters. Further, the stock is known to make big moves after reporting earnings. A...


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