The Zacks Analyst Blog Highlights: Starbucks, Apple, Nestle, Dunkin' And Coca-Cola
Zacks Investment Research | Feb 18, 2019 10:12PM ET
For Immediate Release
Chicago, IL –February 19, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Starbucks (NASDAQ:SBUX) , Apple (NASDAQ:AAPL) , Nestle SA (SIX:NESN) (OTC:NSRGY) , Dunkin' (NASDAQ:DNKN) and Coca-Cola (NYSE:KO) .
Here are highlights from Friday’s Analyst Blog:
Why Starbucks (SBUX) Looks Like a Strong Buy Right Now
Shares of Starbucks have surged over 10% since the company posted better-than-expected quarterly earnings and revenue on January 24. Now let’s dive into why the coffee powerhouse looks like a strong buy at the moment.
Overview
Starbucks’ adjusted Q1 fiscal 2019 earnings jumped 15.4% to reach $0.75 a share, which blew by our Zacks Consensus Estimate of $0.65. Meanwhile, total quarterly revenues surged 9% to reach $6.6 billion and top expectations. Maybe more importantly, SBUX’s same-store sales popped 4% to beat our 3% NFM estimate and outpace Q4’s 2% climb.
The coffee chain’s comps growth was driven by a bump in larger average ticket size. The company was also able to post same-store sales growth of 1% in China amid the broader economic slowdown that hurt the likes of Apple. Plus, Starbucks saw its rewards members surge 14% to reach 16.3 million.
Since Starbucks released its earnings, it Zacks Investment Research
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