Costco Wholesale Tops Earnings Estimates. Why Its Stock Is Dropping.
Costco Wholesale barreled through earnings estimates, but the stock fell in premarket trading Friday as sales fell short of expectations. The wholesale retailer posted earnings of $5.29 a share, topping estimates for $5.
Costco Stock Slips Slightly After Retailer Posts Mixed Earnings
Costco stock fell slightly after the retailer posted mixed quarterly results, with earnings ahead of expectations while revenue missed Wall Street estimates. Shares traded about 0.8% lower in post-market trading.
Costco earnings: Revenue misses, stock slips
The wholesale giant will report its fiscal fourth quarter on Thursday after market close. Per Bloomberg consensus estimates, Wall Street expects revenue to grow 1.29% to $79.96 billion, while earnings per share will increase 12.2% year over year to $5.69.
Costco’s Earnings Aren’t an Issue for Wall Street. Why Wall Street Still Likes the Pricey Stock.
The wholesaler’s steady market share gains and margin increases make it deserving of a lofty valuation, analysts say.
Why Costco Stock Was Pulling Back Today
Costco is solid, but it trades at a premium valuation. In the period, which ended Sept. 1, Costco continued to deliver steady growth. Comparable sales were up by 6.9% excluding th
Costco Stock: The Gift That Keeps On Giving, Until It Doesn't
Costco's solid Q4 results are overshadowed by valuation concerns. Learn more about why I advise caution on COST stock before buying.
Why Costco Stock Is Still a Buy After a Q4 Revenue Miss
Costco stock is lower Friday after the membership warehouse firm reported a top-line miss in its fiscal fourth quarter, but Wall Street remains bullish.
Stock movers: Costco, Best Buy, HP Inc.
Related: Analysts reset Costco stock price targets ahead of earnings. Same-store sales, a key measure of the sales of ...
Prediction: Costco Will Be a $500 Billion Stock by 2026
If sales and profits grow faster than Costco stock, its valuation, which is at record-high levels, could finally come down to ...
Is Costco Stock a Buy Ahead of Q4 Results?
Costco’s stock (COST) has surged over 66% in the past year, driven by strong sales, membership loyalty, and consistent ...
Costco's Strong Q4 Performance Sparks Mixed Analyst Reactions As Stock Slides
Costco's reported Q4 earnings beat on strong sales and gross margin expansion. Some analysts warn of earnings growth ...
Costco Stock Keeps Rising Despite Its Valuation. Should You Buy?
Unfortunately for investors, the one Costco item that is not a bargain is its stock. It sells at a trailing P/E ratio of 56, ...
Money Morning2d
Costco's Earnings Just Generated Two Trade Opportunities
Shares of Costco remain in a long-term bullish trend suggesting that a break above $1,000 is likely to lead to another 20% ...
Hold Rating on Costco’s Stock Amid Strong Performance and Premium Valuation
Wells Fargo analyst Edward Kelly has maintained their neutral stance on COST stock, giving a Hold rating today. Edward Kelly has given his ...
Stock Market Today: Dow Hits New High After Upbeat Inflation Data
Today, though, it was an inflation update that Wall Street was centered on. According to the Bureau of Economic Analysis, the ...
Analysts reset Costco stock price targets amid new consumer trends
This growth signals a resurgence in consumer confidence as the U.S. economic outlook strengthens, which is expected to ...