Starbucks (SBUX) will announce results for Q1 tonight with a conference call which is scheduled to begin around 5:00 p.m. ET.

The Capital IQ Consensus Estimate calls for Q1 EPS of $0.55 (vs $0.79 a year ago) on revenue declines of -2.5% to $6.92 bln.

Current guidance for Q1 stands at $0.50-0.55 (from Q4 PR, reaffirmed at 12/16 Wolfe Conference, and on 1/7 when CFO Grismer announced his retirement).

TECHS:

SBUX has a $123 bln market cap and trades at roughly 36.7x forward earnings estimates vs casual dining peers McDonald's (MCD at 26.8x) and Wendy's (WEN at 29.4x).

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