Starbucks has witnessed a good performance, achieving great daily gains during its previous session today, the highest in 35 sessions on the NASDAQ of NASDAQ, the share price increased by 2.18% by $ 2.09 per share during the session to 97.97 dollars.
Over the course of last week, Starbucks shared a 0.89%decrease compared to the previous week, while the monthly change reached 12.79%, while during a year ago, the share achieved total profits of 7.68%.
Although the stock continued in the recent attempt to rise, the stock remains out of its highest historical level, which it recorded on July 23, 2021 at 126.32 USD, while its lowest level ever was $ 0.32 on June 26, 1992.
Analysts suggest that the stock is completed for its march in the rise that the future price of Starbucks may reach a maximum level of USD, and in the event of a decrease in the stock it may land to the level of $ 76 as a minimum.
Estimates profits
The company achieved a good financial performance, as it witnessed a net profit in the last quarter of $ 780.8 million compared to a net quarterly profit of $ 909.3 million in the previous quarter, and although this represents a decrease in its profits by 14.13%, the profits were greater than estimates.
The company’s profits for the last quarter amounted to $ 0.69 per share, and estimates were at a rate of $ 0.67, which means that it exceeded the estimates by 0.3.38%, and the analysts identified with the profitability of the estimated share for the next quarter at 0.51 dollars per share.
The company’s quarterly revenues came during the last quarter without expectations, as it amounted to 9.4 billion dollars, which is greater than the estimated expectations of 9.32 billion dollars, with expectations that the revenues will continue to decline in the next quarter to 8.89 million dollars.
Starbucks is one of the most prominent international brands in the field of coffee and beverage, and was founded in 1971 in Seattle, Washington, USA, and is listed on the Nasdaq Stock Exchange under SBux trading code. Starbucks runs more than 35,000 branches around the world, making it one of the largest globally café chains, focusing on providing high -quality coffee, with its commitment to sustainability through moral coffee sources and supporting agricultural societies.
It is characterized by a strong business model based on innovation and providing a unique experience for customers, as it is considered one of the companies that achieve a stable financial performance, as it shows annual revenues exceeding 32 billion dollars, and also focuses on expanding emerging markets and providing new products that meet the various customer needs, which makes it an attractive option for investors looking for sustainable growth ..
