Starbucks Corporation (SBUX) earnings on April 28, 2026

SBUX price around the earnings

105.50

Change: +8.8%

Start of the measured window End of the measured window

96.69 100.18 103.66 107.15 96.98

April 28, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
No trading (market closed)
Starting price

Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published: 2026-04-28, 05:39 UTC

Weak momentum and earnings, expectations reset.

This company has a history of missing earnings expectations and shows weak price momentum. While analyst ratings are generally positive, the overall sentiment and recent performance suggest a pessimistic scenario.

Context analyzed before publication

Summary: Weak momentum and earnings, expectations reset.
Reasoning: This company has a history of missing earnings expectations and shows weak price momentum. While analyst ratings are generally positive, the overall sentiment and recent performance point to a cautious scenario.
Playbook: Given the consistent earnings misses and weak performance, the scenario points to a wait-and-see approach. The current environment historically suggests elevated risk of further underperformance.
Trend: First evaluation, no trend yet.

Analysts

Drivers

Analysts Positive
Analysts maintain a Buy rating with a price target of $101, pointing to a moderately optimistic scenario, though recent actions might be mixed.

Evidence

Analyst consensus: Buy
Consensus average (1-5): 2.41
Analysts covering the stock: 34
Average price target: 101.41
Lowest price target: 74
Highest price target: 130
Upside to price target: 4.6%
Quarterly earnings growth: -62.4%
Revenue growth: 5.5%
Forward EPS: 2.91
Trailing EPS: 1.2
Analyst moves in the last 60 days: 9

Strong buy: 5
Buy: 12
Hold: 18
Sell: 2
Strong sell: 2

Strong buy: 5
Buy: 12
Hold: 18
Sell: 2
Strong sell: 2

April 24, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
April 22, 2026 · DA Davidson: Maintains rating (Neutral → Neutral)
April 21, 2026 · Stifel: Maintains rating (Buy → Buy)
April 14, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
April 13, 2026 · Jefferies: Upgrades rating (Underperform → Hold)
March 18, 2026 · RBC Capital: Downgrades rating (Outperform → Sector Perform)
March 11, 2026 · Freedom Broker: Maintains rating (Hold → Hold)
March 6, 2026 · DA Davidson: Initiates coverage (Neutral)
March 5, 2026 · Guggenheim: Maintains rating (Neutral → Neutral)

News and sentiment

Drivers

News & sentiment Negative
Negative headlines dominate the narrative leading up to the event, reflecting pessimistic sentiment among investors.

Evidence

Sentiment

Sentiment: Cautious
Mention volume: Low
Normalized volume: 33%

News

Sources (8)

Starbucks Earnings Prediction Market Preview: What Will Brian Niccol Say? — Benzinga
What's Behind The Drop In Starbucks Stock? — Benzinga
Starbucks Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call — Benzinga
What's Behind The Jump In Starbucks Stock? — Benzinga
CNBC Halftime Report Final Trades: Starbucks, Trane Technologies, Digital Realty Trust — Benzinga
Starbucks Chooses Nashville As Southeast Corporate Office, Plans $100M Investment — Benzinga
'Starbucks Workers Are Resisting Moving to Its New $100 Million Nashville Hub'- Bloomberg — Benzinga
Stifel Maintains Buy on Starbucks, Raises Price Target to $115 — Benzinga

Technicals

Drivers

Technical Negative
Over the last 30 days, the stock has underperformed the S&P 500 by 0.65%, showing weak relative strength with an RS of -7.01%.

Evidence

Average true range (ATR): 2%
Distance to 52-week high: -7.5%
14-day change (14d): +0.0%
30-day change: -0.7%
30-day relative strength: -7.0%
Benchmark change: +6.4%
Nearest support: 85.62
Nearest resistance: 101.41
Volume accumulation ratio: 0.83

Trends

Evidence

Average earnings surprise: -29.8%

January 28, 2026: actual EPS 0.56 vs estimate 0.59 (surprise -4.6%)
October 29, 2025: actual EPS 0.12 vs estimate 0.52 (surprise -76.8%)
July 29, 2025: actual EPS 0.5 vs estimate 0.65 (surprise -22.5%)
April 29, 2025: actual EPS 0.41 vs estimate 0.48 (surprise -15.2%)

Expected move

Drivers

Past earnings Negative
The company has a 0% beat rate, with an average earnings surprise of -29.8%, indicating consistent misses.

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move: 4.2%
75th percentile move: 8.3%
90th percentile move: 9.6%
Up / down moves: 8 / 11
Average up move: +5.5%
Average down move: -4.4%

Monitoring and close

What Starbucks Corporation reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Consolidated: +8.8%
Max move: +10.6%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.