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Starbucks Corporation (NASDAQ:SBUX) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Starbucks Corporation (NASDAQ:SBUX) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

星巴克公司(NASDAQ:SBUX)剛剛發布了第三季度盈利:以下是分析師的看法
Simply Wall St. ·  2020/07/31 00:47

Starbucks Corporation(NASDAQ:SBUX) just released its third-quarter report and things are looking bullish. It looks like a positive result overall, with revenues of US$4.2b beating forecasts by 2.0%. Statutory losses of US$0.58 per share were 2.0% smaller than the analysts expected, likely helped along by the higher revenues. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

星巴克(納斯達克:布克斯)剛剛發布了第三季度報告,事情看起來看漲。整體來說,這看起來是一個積極的結果,收入為 4.2B 美元超過了 2.0% 的預測。每股 0.58 美元的法定損失比分析師預期的小 2.0%,可能受到增加收入的幫助。根據結果,分析師更新了他們的收益模型,最好知道他們是否認為公司的前景發生了強大變化,或者是否像往常一樣營業。因此,我們收集了最新的盈利後預測,以了解明年的估計值。

View our latest analysis for Starbucks

查看我們對星巴克的最新分析

Taking into account the latest results, the consensus forecast from Starbucks' 30 analysts is for revenues of US$27.9b in 2021, which would reflect a notable 16% improvement in sales compared to the last 12 months. Statutory earnings per share are forecast to reduce 7.2% to US$2.65 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$27.7b and earnings per share (EPS) of US$2.60 in 2021. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

考慮到最新結果,星巴克 30 名分析師的共識預測在 2021 年的收入為 27.9B 美元,這反映了與過去 12 個月相比,銷售額顯著提高了 16%。預計同期每股法定盈利將減少 7.2% 至 2.65 美元。然而,在最新盈利之前,分析師預計 2021 年的每股收入為 27 億美元,每股盈利為 2.60 美元。共識分析師似乎沒有在這些結果中看到任何東西,這些結果會改變他們對業務的看法,因為他們的估計沒有重大變化。

There were no changes to revenue or earnings estimates or the price target of US$83.13, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Starbucks analyst has a price target of US$100.00 per share, while the most pessimistic values it at US$74.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

收入或收益估計或目標價格為 83.13 美元並無改變,表明該公司最近的業績已達到預期。但是,這並不是我們可以從這些數據中得出的唯一結論,因為一些投資者在評估分析師的價格目標時也喜歡考慮估計中的價差。最樂觀的星巴克分析師的目標價格為每股 100.00 美元,而最悲觀的價值為 74.00 美元。對股票肯定有一些不同的看法,但估計範圍不夠寬,以至於在我們看來,這意味著情況是不可預測的。

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Starbucks' growth to accelerate, with the forecast 16% growth ranking favourably alongside historical growth of 6.9% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 20% next year. So it's clear that despite the acceleration in growth, Starbucks is expected to grow meaningfully slower than the industry average.

現在看看更大的情況,我們可以理解這些預測的方法之一是看看它們如何與過去的績效和行業增長估計進行比較。分析師們肯定預計星巴克的增長將加速,預測 16% 的增長排名與過去五年中每年 6.9% 的歷史增長率有利。與同一行業的其他公司進行比較,這些公司預計明年收入將增長 20%。因此,很明顯,儘管增長加速,但預計星巴克的增長速度將比行業平均水平有意義地慢。

The Bottom Line

底線

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. The consensus price target held steady at US$83.13, with the latest estimates not enough to have an impact on their price targets.

最重要的是,情緒沒有發生重大變化,分析師們再次確認該業務的表現與他們之前的每股收益估計一致。從好的一面來看,收入估計沒有重大變化;儘管預測顯示收入將會比更廣泛的行業表現差。共識價格目標保持穩定在 83.13 美元,最新估計不足以影響其目標價格。

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Starbucks going out to 2023, and you can see them free on our platform here.

考慮到這一點,我們仍然認為業務的長遠軌跡對投資者來說更為重要。我們有星巴克將推出到 2023 年的預測,您可以在我們的平台上免費看到它們,請點擊這裡。

It is also worth noting that we have found3 warning signs for Starbucks(2 are potentially serious!) that you need to take into consideration.

還值得注意的是,我們已經發現3 星巴克的警告標誌(2 是潛在的嚴重!)你需要考慮到。

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

這篇文章由簡單牆聖是一般性質.它並不構成購買或出售任何股票的建議,也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意,我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。

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