Is Starbucks's Stock a Buy Ahead of Its Q3 Earnings Report Tomorrow?
View original at nasdaq.comIs Starbucks's Stock a Buy Ahead of Its Q3 Earnings Report Tomorrow? Key Points The company had a fine second quarter, and investors will be hoping for a repeat…
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Analysts collectively expect Starbucks to post just over $9.1 billion in revenue and $0.65 per share in net income for fiscal Q3 2026 — nearly 4% below the prior-year revenue figure but a 30% improvement in EPS year over year
60% confidenceStarbucks is a mature business with a huge footprint that has little room to grow, and its stock is priced for hot growth with a forward P/E of almost 35 that profitability gains are unlikely to match; even a beat on Q3 earnings would not change this negative view
60% confidenceFull-year 2026 comparable sales guidance raised to at least 5% growth (from more than 3% previously), and adjusted EPS guidance raised to $2.25-$2.45 (from $2.15-$2.40 previously)
60% confidenceStarbucks attributed its solid second-quarter performance to the Back to Starbucks initiative
60% confidence
Data points we hold from this source
| Starbucks Corporation · forward pe | 35 ratio |
| Starbucks Corporation · stock price | 23 percent_ytd_change |