Alert: New Earnings Report (12/14/23)-Costco Wholesale Corp (NASDAQ: COST).


Costco Wholesale Corp (NASDAQ: COST) has reported earnings for its first fiscal quarter (ending November 30) of $3.58 versus $3.07 for the same period a year ago — an increase of 17%. This result exceeded the consensus estimate of $3.42 by $0.16. For the latest four quarters through November 30, E.P.S. were $14.69 compared to $13.26 a year ago — an increase of 11%.

Recent Price Action

Costco Wholesale Corp (NASDAQ: COST) stock closed at $630.78 on 12/14/23 after a modest decline of -1.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 207% of normal. The stock has risen 3.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

COST is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Costco Wholesale has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Costco Wholesale has a very low Appreciation Score of 13 but a very high Power Rating of 88, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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