StockNews.AI
COST
Benzinga
13 hrs

Costco Q4 Preview: Analyst Calls Retailer 'A Share Gainer' Thanks To Value And Member Loyalty

1. Costco expects Q4 revenue of $86.11 billion, up from last year's $79.7 billion. 2. Analysts predict EPS growth to $5.80, beating previous year's $5.15. 3. Store traffic remains high, driven by value-focused merchandising and early openings. 4. Membership fees rose by $0.12 billion, crucial for profitability. 5. Costco maintained an Outperform rating with a price target of $1,100.

6m saved
Insight
Article

FAQ

Why Bullish?

Costco's consistent revenue and EPS growth shows resilience and consumer demand. Previous instances, like Q3 2022, where Costco exceeded expectations, suggest positive sentiment.

How important is it?

The forecasted revenue and consumer behavior insights indicate strong purchasing trends that may affect Costco's stock positively.

Why Short Term?

Upcoming earnings report can provide immediate market reactions, impacting stock price in the short term. Historical patterns show market price movements in anticipation of results.

Related Companies

Related News