Earnings Outlook For Costco Wholesale
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NASDAQ:COST) is anticipated to release its quarterly earnings report on Thursday, 2024-03-07, with analysts expecting an EPS of $3.62. Investors are hopeful for a beat on this estimate and positive future guidance. Historically, Costco has shown a pattern of beating EPS estimates, leading to significant share price movements. Last quarter, Costco beat the EPS estimate by $0.06, resulting in a 4.45% share price increase the following day.
March 06, 2024 | 2:01 pm
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Costco Wholesale is expected to report an EPS of $3.62 for the upcoming quarter. Historical data shows positive share price movements following earnings beats.
Given Costco's history of beating EPS estimates and the subsequent positive impact on its share price, there is a strong likelihood of a positive short-term impact on COST's stock price if the company beats the EPS estimate again. The anticipation of positive guidance for the next quarter further supports this outlook.
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IMPORTANCE 90
RELEVANCE 100