Starbucks (SBUX - Analyst Report) is easily the most recognizable name in the coffee industry, as it has expanded into almost all parts of the U.S. in addition to portions of the international market. The company has been incredibly successful in its business of purchasing and roasting high-quality whole bean coffees that are sold along with Italian-style espresso beverages, a variety of pastries and confections, coffee-related equipment and teas.

Anticipation from investors for Starbuck’s earnings report has been at a high level as its release has been approaching. Investors are looking forward to viewing the company’s third quarter results, as SBUX has made several innovative moves to generate revenues, improve customer experience and of course, increase its earnings. Expansion of the company’s on-demand mobile order and pay platform, new location openings and fresh product introductions are all expected to have an effect on Q3’s earnings.
 
Expectations for the report are high as usual, as Starbucks and its investors have been enjoyed consistent success with earnings reports in the past. SBUX has been able to meet and or beat earnings in each of its last 4 quarters, in addition to seeing an increase in revenue for 20 consecutive quarters.
 
Starbucks is currently a Zacks Rank #2 (Buy), though that rank could be on the move given the results of the coffee-king’s recent earnings report. Below are several key highlights from the recently report from SBUX:
 
Earnings: Starbucks was able to beat on earnings for the quarter, posting an EPS of $0.42. The Zacks Consensus EPS estimate was $0.41. (These figures take out stock option expenses.)
 
Revenue: Revenue for Starbucks was also higher than previously estimated. Zacks estimated revenue of $4.86 billion, lower than Starbucks’ actual revenue of $4.9 billion.
 
Key Stat to Note: Starbucks opened 431 new stores during the quarter, bringing their total number of stores to 22,519.
 
Stock Price: Starbucks saw its stock rise 3.61% to $58.60, an increase of $2.04, as of 4:55 PM ET in after hour trading.