COST Stock Recent News
COST LATEST HEADLINES
Ex-fuel and foreign exchange costs, Costco saw +6.9% gains year over year, demonstrating the importance of lower gasoline prices to its top line.
The headline numbers for Costco (COST) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Costco (COST) came out with quarterly earnings of $5.15 per share, beating the Zacks Consensus Estimate of $5.05 per share. This compares to earnings of $4.86 per share a year ago.
The retail giant beat on EPS for the quarter but missed on revenue, leading to mixed reaction in after hours trading. The wholesale chain did show promise in its comp and e-commerce sales, but as Joe Tigay points out, maintaining constant growth will just get harder over time for Costco (COST).
Costco cleared Q4 earnings estimates late Thursday, but fell short of revenue views. Costco stock eased in late trade, but near record highs.
Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) exceeded earnings expectations in Q4, reporting EPS of $5.29, above the estimated $5.08, and reflecting an 8.8% year-over-year (YoY) increase. Revenue, however, came in slightly below forecasts at $79.7 billion, compared to the expected $79.93 billion.
Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday on cautious spending by budget-conscious customers at its membership-only stores, as well as an impact from lower gasoline prices.
Costco (COST) reports earnings after the closing bell, and @LikeFolio's Megan Brantley sees little downside for the retailer. The one red flag she believes can hold the stock back: its valuation.
Headquartered in Issaquah, WA, Costco Wholesale Corporation ( NASDAQ: COST ) sells high volumes of foods and general merchandise at discounted prices through membership warehouses.
When Costco Wholesale Corporation COST releases earnings for the fourth quarter after the closing bell on Thursday, analysts expect the bulk retailer to report quarterly earnings at $5.08 per share.