Shazaib Sahito's Contributor Page
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Last Updated: Prior to the 2Q2021 earnings release
Model Forecast Overview: In Q1, Starbucks had beat earnings expectations by 10.91% ($0.61 vs $0.55 expected), but they had missed revenue expectations by 2.45% (6.75B vs 6.95 expected). Although shares stayed stagnant and weren't affected, much, shares had jumped on the news of a 10% rebound looking into the next year. My view on the company is bearish, and I see some more major signs of recovery towards the end of 2021, going into 2022. I took into to consideration of many factors such as many of the licensed store still being under used because of the low population density in many of these places...click here to continue reading |
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My name is Shazaib Sahito, I am a sophomore at Rutgers University, double majoring in Finance & Supply Chain. I am always looking into doing different things and allowing myself into situations I'm not completely comfortable in, which throughout my life has allowed me to learn in a proactive way. I hope to continue learning, and meeting new people in all my endeavors.
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.
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.