Starbucks (SBUX) Q3 Earnings Loom: Buy, Sell or a Wait-and-See?
Starbucks Corporation (SBUX) is slated to release third-quarter fiscal 2024 numbers on Jul 30, after the closing bell.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 13.9%. The company’s top and the bottom line declined 1.8% and 8.1% year over year, respectively.SBUX surpassed earnings in the trailing two out of four quarters. The average surprise over this period is a negative 0.4%, as shown in the chart below.Image Source: Zacks Investment ResearchTrend in Estim ...