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Market Minute: Previewing SBUX, FFIV, QRVO Earnings

With earnings season in full swing, let’s preview some of the companies reporting after the bell.

Starbucks (SBUX) has Zacks estimates of $0.66 EPS (-27% year-over-year) and revenue of $9.3 billion (-1% year-over-year). Despite a major jump upwards last August, SBUX is still only +8% year-over-year. New CEO Brian Niccol is trying to reinvigorate the brand by bringing back condiment bars and other features from past years, including baristas writing customers’ names on cups and other personalizing touches.

Niccol became CEO in September, so this report will be a reflection of the first full quarter of his reign – but not of these changes, which are set to roll out this week. Investors will likely focus on guidance, as the new strategies attempt to turn the ship around. The current implied move for SBUX is around $6.

Zacks estimates F5 Networks (FFIV) will post EPS of $3.37 (-2%) and revenue of $715.8 million (+3%). F5 is up 42% over the last year. Security spending remains a priority for many companies with a market-wide proliferation of high-profile data leaks or ransomware demands – DeepSeek’s reported hack yesterday shortly after the news of its competitive A.I. model is a timely example.

The Wall Street Journal shows that 14 out of 16 analysts covering FFIV currently have a neutral rating. However, it has an implied move of over $21, so the market is expecting a potential strong swing either way.

Qorvo’s (QRVO) Zacks estimates are EPS of $1.20 (-43%) and revenue of $901.3 million (-16%) – somewhat dismal for a semiconductor company. In comparison, competitor Seagate (STX), which reported on Jan. 21, posted revenue growth of 49.5%. While down around 17% over the last year, Qorvo has rebounded since 2025’s start, up 30% since Jan. 1. Its implied move is around $8.

Yesterday, Piper Sandler upgraded the stock to Overweight from Neutral and raised its price target to $110 from $85, citing activist investor Starboard Value’s involvement. The presence of Starboard raises speculation about company reorganization – investors will have an eye towards the future for this report.

Tune into the Schwab Network for earnings breakdowns and more!

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