January 22, 2013 at 12:25 PM EST
Expect an Earnings Beat From Starbucks This Week
We expect coffee giant Starbucks Corporation (NASDAQ:SBUX) to beat expectations when it reports first quarter fiscal 2013 results on Jan. 24 after the market closes. Why a Likely Positive Surprise? Our proven model shows that Starbucks is likely to beat earnings because it has the right combination of two key ingredients. Positive Zacks ESP: Earnings ESP (Read: Zacks Earnings ESP: A Better Method) the difference between the Most Accurate estimate of $.58 and the Zacks Consensus Estimate of $.57 stands at +1.75%. Zacks No. 3 Rank (Neutral): Starbucks currently retains a Zacks Rank No. 3 (Hold). The combination of the ...
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