For the next fiscal year, the consensus earnings estimate of $15.95 indicates a change of +10.1% from what Costco is expected to report a year ago. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
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While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its https://dotbig.com/markets/stocks/COST/ earnings for an extended period without increasing its revenues. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
Raymond James reduced their price objective on Costco Wholesale from $600.00 to $560.00 and set an outperform rating for the company in a research report on Monday, September 26th. Loop Capital reduced their price objective on Costco Wholesale from $610.00 to $585.00 in a research report on Thursday, September https://www.ig.com/en/forex 1st. Evercore ISI cut their target price on Costco Wholesale from $600.00 to $550.00 in a research note on Friday, September 23rd. Finally, Oppenheimer cut their target price on Costco Wholesale from $600.00 to $550.00 and set an outperform rating on the stock in a research note on Friday, September 23rd.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors’ interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
- This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
- Costco closed the most recent trading day at $488.55, moving +0.44% from the previous trading session.
- Free Report) has recently been on Zacks.com’s list of the most searched stocks.
- It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia.
- For the next fiscal year, the consensus earnings estimate of $15.96 indicates a change of +11.1% from what Costco is expected to report a year ago.
BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings23100Last 30D001001M Ago000002M Ago230003M Ago00000In the last 3 months, 6 analysts have offered 12-month price targets for Costco Wholesale. The company has an average price target of $544.17 with a high of $581.00 and a low of $490.00. It offers branded and private-label products in a range of merchandise categories. It also operates pharmacies, opticals, food courts, hearing-aid centers, and tire installation centers, dotbig as well as 636 gas stations; and offers business delivery, travel, same-day grocery, and various other services online in various countries. It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
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The company topped consensus revenue estimates each time over this period. The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend Forex news on an annualized basis and a dividend yield of 0.74%. In a rare move Monday, citing «brewing headwinds» to the wholesale retailer’s growth momentum. We think this call is a mistake and see Costco as a buy here, given the value it continues to offer its customer base amid a deteriorating economy.
Wells Fargo Downgrades Costco To Equal Weight From Overweight
Finally, Advanced Research Investment Solutions LLC grew its stake in Costco Wholesale by 868.0% in the third quarter. Advanced Research Investment Solutions LLC now owns 242 shares of the retailer’s stock valued at $114,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional dotbig investors own 66.83% of the company’s stock. Other research analysts have also issued research reports about the company. Morgan Stanley reduced their price objective on Costco Wholesale from $560.00 to $525.00 and set an overweight rating for the company in a research report on Friday, September 23rd.
So, you might want to look at some of the facts that could shape the stock’s performance in the near term. The stock market often provides patient investors with new chances to buy their favorite stocks. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket https://dotbig.com/ within the next days. These companies are gaining more relevance with consumers in travel and retail as they continue to expand. These supercharged stocks offer multi-bagger opportunities for the next decade and beyond. Both sales models align well with the current spending environment.
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors . Analysts usually derive their information from company conference calls and meetings, financial statements, and COST conversations with important insiders to reach their decisions. This current average represents a 6.98% decrease from the previous average price target of $585.00. The company beat consensus EPS estimates in each of the trailing four quarters.
Costco is expected to post earnings of $3.13 per share for the current quarter, representing a year-over-year change of +5.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.9%. Costco reported revenues of $72.09 billion in the last reported quarter, representing a year-over-year change of +15%. For the current quarter, Costco is expected to post earnings of $3.15 per share, indicating a change of +6.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days. According to 42 analysts, the average rating for COST stock is «Buy.» The 12-month stock price forecast is 576.48, which is an increase of 16.99% from the latest price.
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Wells Fargo analyst Edward Kelly on Monday cut his rating on Costco Wholesale Corp. to equal weight from overweight and reduced the retailing giant’s price target to $490 a share from $600 a share. Some analysts will also offer forecasts for metrics like growth estimates, COST stock earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error. Without considering a stock’s valuation, no investment decision can be efficient.