Starbucks (SBUX) Stock: What Wall Street Expects from Earnings Wednesday
TLDR
- Starbucks reports Q3 earnings Wednesday after market close
- Wall Street expects EPS of $0.65 on revenue of $9.12B, a 3.6% decline year-on-year
- SBUX stock is up 23% year-to-date, trading around $104 with an analyst price target of $106.45
- The company posted its third straight quarter of positive comparable sales in April
- Coffee prices, tariffs, and delivery costs remain key risks to margins
Starbucks (SBUX) reports Q3 fiscal 2026 earnings on Wednesday after market close. The stock is trading around $104, up 23% year-to-date, well ahead of the S&P 500’s 8% gain.
Wall Street is expecting EPS of $0.65 on revenue of $9.12B. That would represent a revenue decline of roughly 3.6% compared to the same quarter last year.
Last quarter, Starbucks beat on both revenue and EPS. Revenue came in at $9.53B, up 8.8% year-on-year. Same-store sales also topped estimates.
But expectations have come down since then. This quarter, analysts are bracing for a 3% year-on-year revenue decline — a reversal from the 3.8% growth posted in Q2 last year.
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