Costco Gears Up For Tech-Driven Future: An Earnings Preview
Portfolio Pulse from AJ Fabino
Costco Wholesale Corporation (NASDAQ:COST) is expected to issue Q4 earnings of $4.79 on revenues of $77.86 billion. Analyst Joseph Feldman reiterated an Outperform rating on the stock with a $575 price target. Feldman is bullish about the transformative potential tech holds for the grocery sector, including advancements in in-store technologies, unified commerce, and supply chain automation. Costco, like Amazon.com, Inc (NASDAQ:AMZN), Kroger Co (NYSE:KR), and Target Corp (NYSE:TGT), is leveraging data and tech to monetize shopping insights, which is expected to be a multi-year source of profitability.
September 25, 2023 | 3:46 pm
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POSITIVE IMPACT
Amazon, like Costco, is leveraging data and tech to monetize shopping insights, which is expected to be a multi-year source of profitability.
Amazon's tech-driven strategy, similar to Costco's, could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Costco is expected to issue Q4 earnings of $4.79 on revenues of $77.86 billion. The company's tech-driven strategy is expected to foster growth and consumer loyalty.
The bullish outlook from the analyst, along with the company's tech-driven strategy, could potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Kroger, like Costco and Amazon, is leveraging data and tech to monetize shopping insights, which is expected to be a multi-year source of profitability.
Kroger's tech-driven strategy, similar to Costco's, could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Target, like Costco, Amazon, and Kroger, is leveraging data and tech to monetize shopping insights, which is expected to be a multi-year source of profitability.
Target's tech-driven strategy, similar to Costco's, could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50