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.