Market Update (NASDAQ:SBUX): At Google, Failure Is Deadly; At Starbucks, It’s Forgiven

[at Forbes] – Google and Starbucks both excel at innovation — but they view failure in profoundly different ways. Here’s how to decide which approach is best for you. Read more on this. Starbucks Corporation (SBUX) , with a current value of $85.18B, opened at $58.44. During today’s session, SBUX traded between $57.59 to $58.50 with a trailing 52-week range being $42.05 to $64.00. Starbucks (SBUX) shares are currently priced at 31.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.76x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.80 per share annually in dividends, yielding 1.36%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.39 per share, which would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.89 is a $0.31 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.02 Billion. If realized, that would be a 10.09% increase over the year-ago quarter. In terms of ratings, Guggenheim Initiated SBUX at Buy (Apr 16, 2015). Previously, Standpoint Research Initiated SBUX at to Strong Sell. When considering if perhaps the stock is under or overvalued, the average price target is $68.26, which is 16.80% above where the stock opened this morning. See more in (NASDAQ:SBUX) Similar Articles: Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Statement on Attacks in Jakarta, Indonesia Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks expects China to surpass US Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks steps up UK corporation tax payments
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