Starbucks Corp (NASDAQ:SBUX) Earnings Model
Author: Rhea Mogoginta, Published: October 23, 2021 Category: Earnings Preview (Prior to the F4Q2021 SBUX Results)
Notes From the Model Developer: Coronavirus has caused Starbucks’ total revenue to fall significantly due to store closures and a huge drop in order traffic. However, I believe that Starbucks will recover slowly and strongly over the next few quarters due to its positive outlook during the first half of 2021. This positive outlook is also driven by analysts’ view on the company and the management itself expecting significant growth YoY, which can be seen on the management’s guidance and management’s comments from the MD&A. According to The Wall Street consensus, the stock is bullish with a 12-month price target that is 17% above the current share price and bullish market-implied outlook. Wall Street analysts also rated SBUX either buy or hold (33% more buy rating than neutral), with no bearish ratings. Hence, we expect higher growth and better revenue for these upcoming years...click to continue reading
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Disclosure: The author of this article/model has no financial investment or other conflict of interest related to the subject company or other companies discussed. Any views made or implied in the content represent the author’s opinions.