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Earnings Preview for Costco Wholesale

Benzinga Insights
·1 min read

Costco Wholesale (NASDAQ: COST) announces its next round of earnings this Thursday, September 24. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.

Earnings and Revenue

Sell-side analysts expect Costco Wholesale's EPS to be near $2.82 on sales of $51.99 billion. In the same quarter last year, Costco Wholesale announced EPS of $2.69 on revenue of $47.50 billion. The Wall Street consensus estimate for earnings per share would represent a 4.83% increase for the company. Costco Wholesale's reported EPS has stacked up against analyst estimates in the past like this:

Quarter

Q3 2020

Q2 2020

Q1 2019

Q4 2019

EPS Estimate

2.04

2.07

1.71

2.54

EPS Actual

1.89

2.10

1.73

2.69

Revenue Estimate

37.52 B

38.22 B

37.25 B

47.61 B

Revenue Actual

37.27 B

39.07 B

37.04 B

47.50 B

Stock Performance

Over the last 52-week period, shares are up 20.56%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

View more earnings on COST

Don't be surprised to see the stock move on comments made during its conference call. Costco Wholesale is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/icr8vv4q

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