Costco Wholesale Corporation (COST) is trading up 22.34% versus 12-month low of 136.59 and stands -8.54% lower from its 1-year peak of $182.71. The consensus price target (PT) of $187.41 means that the market expects Company shares to increase by 4.1% in the short run. The sell-side target prices range from $152 to $205. In the last month the stock has moved in price -1.21%, with a one year change of 11.15%. The last trading session volume compares with the 2.45M average and market worth floats around 78.97B.
Costco Wholesale Corporation (COST) fell -7.19% to reach at the trading price of $167.11 as it is set to release its next quarterly earnings report on October 05, 2017. Costco Wholesale Corporation stock trades in the range of $ to $ before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.99 a share with $41.28B in revenue.
Costco Wholesale Corporation (COST) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Costco Wholesale Corporation to earn $1.3 per share (EPS) on revenue of $30.14B. The EPS consensus range is $1.25-$1.35 on revenue between $30.73B and $29.4B.
While if we look at the Earnings Track Record, Costco Wholesale Corporation (COST) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, Costco Wholesale Corporation (COST) generated $1.40 in earnings per share, beating the consensus estimate of $1.31. Revenues hit $28.86B in the May 2017 quarter, which was above the consensus $28.53B projection. On the other hand, in the February 2017 quarter the company recorded a net $29.77B revenue with earnings per share of $1.17. Wall Street had anticipated $29.86B and $1.36, respectively. For comparison, there was a revenue of $28.1B and EPS of $1.17 in the November 2016 period.
Costco Wholesale Corporation (COST) Analyst Insights
The buoyancy in the outlook of Costco Wholesale Corporation (COST) is getting weaker by the somewhat negative sentiment (2.10 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Market Perform. Barclays has been covering shares of COST, so it is most recent view is worth a look. In a research note issued on Apr 21, 2017, analysts at Barclays lifted the stock to Overweight from Equal Weight. Another noteworthy analyst activity was recorded on Dec 19, 2016. Citigroup Analysts lifted the stock to Buy from Neutral.