Shares of Costco Wholesale Corp. slipped after hours, after the membership warehouse retailer reported sales trends that came up shy of Wall Street's estimates.
Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday on cautious spending by budget-conscious customers at its membership-only stores, as well as an impact from lower gasoline prices.
Costco (COST) reports earnings after the closing bell, and @LikeFolio's Megan Brantley sees little downside for the retailer. The one red flag she believes can hold the stock back: its valuation.
Headquartered in Issaquah, WA, Costco Wholesale Corporation ( NASDAQ: COST ) sells high volumes of foods and general merchandise at discounted prices through membership warehouses.
Truist downgraded Costco to hold with a price target of $873, implying a downside of 3%. At a price-to-earnings ratio of 57, the stock looks overbought.
When Costco Wholesale Corporation COST releases earnings for the fourth quarter after the closing bell on Thursday, analysts expect the bulk retailer to report quarterly earnings at $5.08 per share.
Analysts expect the retailer to report solid revenue and earnings growth, driven by strategic investments in non-food products and e-commerce.
Costco Wholesale (COST) will report fiscal fourth-quarter earnings after the closing bell Thursday, with analysts projecting growth on the top and bottom lines—but very little further appreciation for the shares.
Wall Street will watch Costco's (COST) stock closely this week with the food and general merchandise retailer set to report its fiscal fourth quarter results on Thursday, September 26.
Costco Wholesale Corporation (NASDAQ:COST) steps into the earnings confessional tomorrow, with the discount retailer scheduled to report fiscal fourth-quarter financial results after the close. Ahead of the event, COST sports an intriguing technical setup worth exploring.
CNBC's Dominic Chu joins 'The Exchange' to report on consumer staples in Wednesday's edition of “Sectornomics."
Costco is poised to deliver a decent fourth-quarter fiscal 2024 earnings report, supported by its strategic growth initiatives and loyal customer base.