Starbucks (SBUX) Dips More Than Broader Market: What You Should Know

Starbucks stock fell 2.57% to $96.52, underperforming the S&P 500's 0.45% decline. The stock has dropped 8.2% over the past month, lagging its sector's 5.39% loss. While upcoming earnings are expected to show 36.54% EPS growth, revenue is projected to decline 3.17% year-over-year. The stock holds a Zacks Rank #3 (Hold) rating and trades at a premium Forward P/E of 38.3 versus its industry average of 21.48.