Starbucks (Nasdaq:SBUX) announced it Q4 revenues yesterday after hours and saw a 5% fall. It’s seeing a further decline today pre-market. It reported revenues of $5.7 Billion, down 0.2% yoy, and an adjusted EPS of $0.55. Though it matched analyst expectations with regard to EPS, it missed on revenue.
So far, analysts have been pretty positive about the stock. Stockal’s proprietary Confidence Meter, which gives you an aggregated opinion of select Wall Street analysts, based on their historical performance has been above 85% for the last three months, indicating that the analysts have bullish opinion of the stock in the long run.