Costco Q2 Earnings Preview: Membership Fee Increase Could Be Coming, Hot Dog & Soda Combo To Stay The Same
Portfolio Pulse from Chris Katje
Costco Wholesale Corporation (NASDAQ:COST) is set to report its Q2 financial results with expectations of revenue at $59.16 billion and EPS at $3.62. Analysts anticipate a potential membership fee increase and highlight Costco's strong performance, with shares up 45% in 2023. The company has consistently beaten revenue and EPS estimates in recent quarters. Analysts from Oppenheimer, Telsey, Goldman Sachs, and Wells Fargo have provided positive ratings and raised price targets. The upcoming CFO change and international expansion, particularly in China, are also key points of interest.
March 06, 2024 | 7:48 pm
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Costco is expected to report strong Q2 earnings with potential revenue growth and EPS increase. Analysts have positive outlooks, with price targets raised amid the stock's significant performance in 2023. The anticipated membership fee increase and strategic moves like the CFO change and international expansion could further influence its stock price.
Costco's consistent performance in beating revenue and EPS estimates, along with positive analyst ratings and raised price targets, suggest a strong short-term outlook. The potential membership fee increase and strategic initiatives like the CFO change and international expansion are likely to contribute positively to its stock price.
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