This story has been updated from 1:02 pm EDT to include Starbucks guidance and analyst quote.
NEW YORK (TheStreet) - Starbucks (SBUX) is about to post its fiscal second-quarter results after market close on Thursday, but what Wall Street is really looking for on the call is more on what CEO Howard Schultz has to say about any of the company's growth initiatives, given that it aims to be a $100-billion market cap company.
That could be due to mobile payments (last month Starbucks introduced digital tipping through its app), or in expanded products like tea, packaged goods or even more details about select stores serving beer and wine.
At an investor day in March, Starbucks said that it is aiming to roughly double its market cap as part of its long-term growth targets.
For the March-ending quarter, analysts, according to Thomson Reuters, expect the company to report earnings of 56 cents a share, up 9% from last year, on revenue of $3.96 billion, up 11% year over year. Starbucks said in its first-quarter earnings release in January that it expects EPS of 54 cents to 55 cents for the second quarter.
Estimates are calling for Starbucks' quarterly same-store sales to rise 5.4% in the March-ending quarter, according to Consensus Metrix. Same-store sales are expected to also rise 5.4% for locations in "the Americas," 4.5% in emerging markets and 8.4% in China and Asia Pacific.
Analysts are noting that frigid weather as well as the rising price of coffee could impact earnings, however Starbucks comps, due to strong customer loyalty, are likely to offset that.
"Starbucks U.S. sales should surprise to the upside due to holiday gift cards and the expanded menu. Whether the stock pops or is obliterated depends on comments for next year, and quarter to date traffic amid improved weather," wrote Brian Sozzi, CEO of Belus Capital Advisors, in an email. "Chipotle's (CMG) strong, strong sales were a good guide as to what we could expect from Starbucks."