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Nov 01, 2020

Starbucks (SBUX,$86.96) tops earnings expectations

Starbucks reported its fiscal fourth quarter earnings that topped analysts’ expectations.

The coffee chain’s adjusted earnings for the quarter came in at 51 cents a share, well above the  31 cents expected by analysts polled by Refinitiv.

Revenue fell -8% year-over-year to $6.2 billion, surpassing analysts’ forecast of $6.06 billion.

Global same-store sales fell -9%.

 The company also indicated that while the number of transactions has reduced due to the pandemic, customers are spending on pricier items like cold beverages and plant-based options.

According to Starbucks, sales in the U.S. and China are recouping from the COVID-19 pandemic impact more quickly than expected.  

In the US, same-store sales fell -9%. Active membership in Starbucks’ U.S. loyalty program climbed +10% to 19.3 million people and accounted for 47% of transactions.

China same-store sales dropped by just -3%.

During the quarter, Starbucks opened 480 new cafes on net. It expects to open 1,100 net new stores and $1.9 billion in capital expenditures in the next fiscal year.

Looking ahead, the company forecasts  adjusted earnings of 50 cents to 55 cents per share for the fiscal first quarter.

 

Related Ticker: SBUX

SBUX's RSI Oscillator recovers from overbought zone

The 10-day RSI Indicator for SBUX moved out of overbought territory on February 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 instances where the indicator moved out of the overbought zone. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SBUX as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SBUX turned negative on February 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

SBUX moved below its 50-day moving average on March 01, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SBUX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SBUX broke above its upper Bollinger Band on February 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for SBUX crossed bullishly above the 50-day moving average on February 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SBUX advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 272 cases where SBUX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (7.391). P/E Ratio (24.722) is within average values for comparable stocks, (180.274). Projected Growth (PEG Ratio) (1.291) is also within normal values, averaging (1.957). Dividend Yield (0.024) settles around the average of (0.032) among similar stocks. P/S Ratio (2.894) is also within normal values, averaging (2.440).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SBUX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are McDonald's Corp (NYSE:MCD), Starbucks Corp (NASDAQ:SBUX), Chipotle Mexican Grill (NYSE:CMG), Yum! Brands (NYSE:YUM), Darden Restaurants (NYSE:DRI), Yum China Holdings (NYSE:YUMC), Domino's Pizza (NYSE:DPZ), Shake Shack (NYSE:SHAK), Noodles & Company (NASDAQ:NDLS).

Industry description

The industry includes companies that operate full-service restaurants, fast food restaurants, cafeterias and snack bars. McDonald's Corporation, Starbucks Corporation, YUM! Brands, Inc. and Restaurant Brands International Inc. are some of the largest U.S. restaurant-owning companies in terms of market capitalization. While restaurant spending could be viewed as discretionary for consumers, some companies in the business have been able to weather economic cycles by establishing strong loyalty among customers over the years. Many of them also have a strong global presence as well.

Market Cap

The average market capitalization across the Restaurants Industry is 7.45B. The market cap for tickers in the group ranges from 6.73K to 209.92B. MCD holds the highest valuation in this group at 209.92B. The lowest valued company is AMHG at 6.73K.

High and low price notable news

The average weekly price growth across all stocks in the Restaurants Industry was 0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 0%. SG experienced the highest price growth at 63%, while RRGB experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Restaurants Industry was 8%. For the same stocks of the Industry, the average monthly volume growth was 17% and the average quarterly volume growth was 31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 63
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 81
Seasonality Score: 2 (-100 ... +100)
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SBUXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a producer of coffee and tea

Industry Restaurants

Profile
Fundamentals
Details
Industry
Restaurants
Address
2401 Utah Avenue South
Phone
+1 206 447-1575
Employees
381000
Web
https://www.starbucks.com
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SBUX and

Correlation & Price change

A.I.dvisor indicates that over the last year, SBUX has been loosely correlated with YUM. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if SBUX jumps, then YUM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SBUX
1D Price
Change %
SBUX100%
-0.75%
YUM - SBUX
59%
Loosely correlated
+0.82%
FRSH - SBUX
53%
Loosely correlated
-2.67%
DENN - SBUX
43%
Loosely correlated
-0.33%
MCD - SBUX
38%
Loosely correlated
+0.07%
QSR - SBUX
36%
Loosely correlated
+0.45%
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