Costco Wholesale (COST) is scheduled to report earnings for the first quarter of fiscal 2025 after the market closes Thursday, with analysts expecting the retailer to report rising revenue and profits.
If a correction occurs, it could present a more attractive entry point for those looking to invest in Costco for the long term.
Besides Wall Street's top -and-bottom-line estimates for Costco (COST), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended November 2024.
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To find investment opportunities, investors can simply look at businesses that they are customers of. This is an easy activity to do in the retail sector, where huge companies dominate.
Costco (COST 1.05%) has been one of the most reliable winners in the stock market over its history as a publicly-traded company. Its membership-based warehouse model of selling bulk goods at bargain prices is consistently popular with consumers, and its stock price has reached a new milestone of $1,000 per share.
Costco Wholesale (COST 1.05%) stock is an investor favorite. It looks almost completely immune to market changes, moving up steadily regardless of the macro environment.
Costco stock price has been an excellent performer over the years, which has helped it become one of the biggest companies in the US. It has jumped by 620% in the past decade, bringing its market cap to $413 billion.
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Shares of retail giant Costco Wholesale (COST -0.87%) jumped 11.2% during November, according to data provided by S&P Global Market Intelligence. The company reported monthly sales results early in the month and that's all the encouragement that investors needed to send the stock to an all-time high approaching $1,000 per share.
The retailer has benefited from consumers' search for value. But the stock has gotten pricey.
On Thursday, JP Morgan analyst Christopher Horvers raised the price target on Costco Wholesale Corporation COST to $1,090 (from $945 prior) while maintaining an Overweight rating following November sales results.