financetom
Business
financetom
/
Business
/
Starbucks Tends to Favor Upside Trade in Wake of Earnings-Driven After-Hours Moves
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Starbucks Tends to Favor Upside Trade in Wake of Earnings-Driven After-Hours Moves
Apr 30, 2024 3:27 AM

06:01 AM EDT, 04/30/2024 (MT Newswires) -- Starbucks ( SBUX ) is due with its Q2 results in the after-hours today, and analysts polled by Capital IQ expect the company to report a profit of $0.80 per share on revenue of $9.2 billion.

SBUX favors a long trade in its session-to-session performance over the last 20 years. The stock has crossed wider regular session closing levels following 44 of its last 81 extended-hours earnings events.

Looking deeper into the data, SBUX has posted an earnings-related gain 37 times, extending that move 24 times, or 65% of the time. SBUX has posted an earnings-related decline 44 times, narrowing or reversing that move 25 times, or 57% of the time.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vince Holding Chief Executive Jack Schwefel Resigns; Former CFO David Stefko Steps in as Interim CEO
Vince Holding Chief Executive Jack Schwefel Resigns; Former CFO David Stefko Steps in as Interim CEO
Mar 27, 2024
05:13 AM EDT, 03/27/2024 (MT Newswires) -- Vince Holding Corp. ( VNCE ) said late Tuesday that Jack Schwefel has resigned as chief executive of the company. The company's board appointed David Stefko, current director and former chief financial officer, as interim CEO, effective immediately. Stefko has been a board member since June 2023 after retiring from the CFO role....
Zuora Files Prospectus for Potential Secondary Securities Offering
Zuora Files Prospectus for Potential Secondary Securities Offering
Mar 27, 2024
05:03 AM EDT, 03/27/2024 (MT Newswires) -- Zuora ( ZUO ) filed a Tuesday prospectus to allow certain securityholders to offer up to $400 million of 3.95% / 5.50% convertible senior notes due 2029, up to about 27.5 million class A shares that are issuable upon conversion of the notes, and warrants to purchase up to 13.3 million class A...
Stevanato Group Closes $379.7 Million Public Share Offering
Stevanato Group Closes $379.7 Million Public Share Offering
Mar 27, 2024
05:19 AM EDT, 03/27/2024 (MT Newswires) -- Stevanato Group (STVN) said Tuesday it has closed its upsized underwritten public offering of about 14.6 million common shares priced at $26 apiece for total proceeds of about $379.7 million. The company said the underwriters exercised their option to purchase about 1.9 million additional shares at the same offering price. Stevanato Group said...
Bit Digital Says Customer Requests Doubling of Processing Speed
Bit Digital Says Customer Requests Doubling of Processing Speed
Mar 27, 2024
05:26 AM EDT, 03/27/2024 (MT Newswires) -- Bit Digital ( BTBT ) said Tuesday that one of its customers has requested a doubling of the company's processing power. The digital asset mining and artificial intelligence platform said a Bit Digital AI customer has asked to expand their deal from 2,048 GPUs to 4,096 GPUs. Bit Digital ( BTBT ) said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved