Starbucks is expected to report Q3 2026 revenue of $9.44 billion and EPS of $0.66, with the current stock price of $103.25 trading below the average analyst price target of $109.42. Investors are primarily focused on the progress of the 'Back to Starbucks' turnaround strategy and its impact on global foot traffic and operational efficiency.
Recent results showed a 5.9% increase in average visits per store, though analysts remain cautious about ongoing restructuring efforts in the China market. Management's ability to maintain margin recovery despite fluctuating coffee prices will be a critical factor in determining the stock's post-earnings trajectory.