Costco's Q4 Earnings Predictions: Analyst Insights and Forecasts

Costco's Upcoming Q4 Earnings Report
Costco Wholesale Corporation (NASDAQ: COST) is set to unveil its earnings results for the fourth quarter soon. This highly anticipated report comes as investors and analysts are keenly focused on the company's performance metrics and overall market trends.
What Analysts Are Expecting
The forecast for Costco's quarterly earnings stands at $5.81 per share, marking a notable increase from the $5.29 per share it recorded during the same quarter last year. In terms of revenue, analysts project that Costco's earnings will reach approximately $86.06 billion, a significant jump from the $79.7 billion reported a year ago.
Historical Performance
Costco has demonstrated strong resilience and growth, consistently surpassing analyst revenue estimates in recent quarters. This trend has been seen in two consecutive quarters and in five out of the last ten quarters.
Costco's Stock Performance
As of the latest trading day, shares of Costco saw a slight increase of 0.2%, closing at $945.27. This reflects ongoing investor confidence in the company's solid performance and its strategic market positioning.
Analyst Ratings and Predictions
The insights from financial analysts reveal a generally positive outlook for Costco as investors consider purchasing its stock. Here’s a summary of recent analyst ratings:
- The Telsey Advisory Group's Joseph Feldman maintained an Outperform rating with a price target of $1,100.
- JP Morgan analyst Christopher Horvers provided an Overweight rating, raising the price target from $1,115 to $1,160.
- Evercore ISI Group's Greg Melich continues an Outperform rating, albeit adjusting the price target down from $1,075 to $1,060.
- Morgan Stanley’s Simeon Gutman kept an Overweight rating while increasing the price target from $1,150 to $1,225.
- Loop Capital's Laura Champine maintained a Buy rating but lowered the price target slightly from $1,115 to $1,110.
Considerations for Investors
With expectations high for Costco's Q4 report, investors should closely monitor the developments post-earnings release. The trends indicate that analysts are optimistic about the company's continued growth, influenced by strong sales performance and overall market conditions.
Frequently Asked Questions
What is Costco's projected earnings per share for Q4?
Analysts expect Costco's earnings for the fourth quarter to reach $5.81 per share.
How much revenue is Costco expected to report?
Costco's projected revenue for Q4 is around $86.06 billion, up from the previous year's $79.7 billion.
How has Costco performed in the past quarters?
Costco has beaten analyst revenue estimates in two consecutive quarters and in five of the last ten quarters.
What are the latest price targets from analysts for Costco stock?
Latest price targets range from $1,060 to $1,225 based on various analysts' ratings.
Where can I find more information on Costco's stock?
For additional insights and updates, prospective investors can keep track of Costco's performance through financial news platforms and analyst reports.
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