Earnings Preview For Costco Wholesale
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NASDAQ:COST) is scheduled to release its quarterly earnings report on Thursday, 2023-12-14. Analysts predict an EPS of $3.41. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Costco has had mixed post-earnings stock price movements. Shares are currently at $629.5, up 36.02% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 13, 2023 | 2:00 pm
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Costco Wholesale is expected to report an EPS of $3.41 for the upcoming earnings, with investors anticipating an earnings beat and positive future guidance. Shares have risen 36.02% over the past year, reflecting a strong bullish sentiment.
Given the historical performance where Costco has beaten EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a positive short-term impact on COST's stock price if they beat the EPS estimate again and provide favorable guidance. The current bullish sentiment among long-term shareholders and the 36.02% increase in share price over the last year further support this outlook.
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IMPORTANCE 90
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