Starbucks: Analysts Expect $1.66 Billion In EBITDA For Q3 2021
Starbucks (NASDAQ: SBUX) will be reporting their fiscal third quarter financial results on July 27 after the close of markets. Analysts have a consensus $126.37 12-month price target on the company, via a total of 34 analysts, with 11 analysts having strong buy ratings. Ten analysts meanwhile have buy ratings, 12 have hold ratings and a single analyst has a strong sell rating on the company. The street high is a $148 price target from Kalinowski Equity, and the lowest target sits at $90.50.
20 analysts have revenue estimates for the third quarter. The mean revenue estimate between all 20 analysts is $7.278 billion; this number has been revised upwards from $7.055 billion at the start of the year. The highest revenue estimate is $7.513 billion, while the lowest is $6.632 billion.
Onto EBITDA estimates, there are currently 15 analysts who have third-quarter EBITDA estimates. The mean is currently $1.661 billion, with this number having been revised up from $1.584 billion at the start of the year. The street high estimate currently sits at $1.725 billion in EBITDA and the lowest is $1.547 billion.
Analysts estimate that quarterly earnings per share will come in at $0.77, with this number being slightly higher from $0.75 at the start of the year. Street high currently sits at $0.84 in earnings per share, while the lowest estimate is $0.72 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.