The coffee chain Starbucks Corp. (NASDAQ: SBUX) is going to be releasing its fiscal third quarter results tomorrow following the market close. When the company announces its results analysts are going to be looking to see earnings per share of $0.21.The last time that the company released earnings was on May 3 when the company matched analyst estimates with 19 cents per share for its fiscal second quarter. In fact, the company has only been able to match estimates for the last 3 quarters in a row, perhaps tomorrow it will finally be able to show estimate beating results. Earlier this month CIBC World Markets analyst John S. Glass told his clients to expect the company to once again match estimates.
The stock could definitely use a good release. Shares have been falling pretty steadily since last November as you can see in the following chart:
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