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Benzinga
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Top Wall Street Forecasters Revamp Costco Expectations Ahead Of Q4 Earnings

1. COST will release Q4 earnings on Sept. 25, expected at $5.81 per share. 2. Projected quarterly revenue is $86.06 billion, up from $79.7 billion last year. 3. Costco has beat revenue estimates in two recent quarters and five of ten overall. 4. Analysts maintain positive ratings, with several raising price targets for COST. 5. JP Morgan upgraded their target to $1,160, indicating strong future performance.

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FAQ

Why Bullish?

Positive earnings expectations reflect strong performance. Historical trends show Costco exceeding revenue projections leading to share price increases.

How important is it?

Analysts’ ratings and earnings expectations directly influence investor sentiment and stock price.

Why Short Term?

Earnings releases can cause immediate market reactions. Analysts’ raised targets suggest favorable short-term movements.

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