Shares of Costco ( NASDAQ: COST) took a hit on Friday. The stock declined as much as 7.5% and finished the trading day down about 4.1%.
Why are Costco shares trading lower ahead of earnings?
Shares of the warehouse club are trading lower ahead of earnings next week. Shares of Costco ( NASDAQ: COST) took a hit on Friday. The stock declined as much as 7.5% and finished the trading day down about 4.1%.
Will Costco Wholesale stock price grow/rise/go up?
The Costco Wholesale stock price is 477.690USD today. Will Costco Wholesale stock price grow / rise / go up? The COST stock price can go up from 477.690USD to 563.977USD in one year.
One of the next things we asked ourselves was; what will be Costco wholesale’s (cost) stock price next year?
The answer is that their forecasts range from $415.00 to $610.00. On average, they anticipate Costco Wholesale’s share price to reach $538.58 in the next year. This suggests that the stock has a possible downside of 3.6%.
What do analysts see for Costco stock’s earnings?
Analysts expect that Costco will report earnings of $12.93 per share in the current fiscal year and earnings of $14.13 per share in the next fiscal year, so the stock is trading at roughly 37 forward P/E.
Why is Costco so expensive?
That gives it the power to squeeze vendors on the orders it makes in order to keep prices low . Costco can own its supply chain The warehouse club has traditionally sold its rotisserie chickens for $4.99.
One inquiry we ran across in our research was “How did Costco’s same-store sales perform in October?”.
The company’s October same-store sales surged 14.4% . E-commerce sales rose a blistering 91%. Costco’s overall same-store sales have gained by mid to high double-digit percentages in the past five months, outpacing trends being seen at rivals Target and Walmart and hinting at market share gains pre-holiday.
Moreover, how did Costco’s sales compare to Q4 Earnings estimates?
Costco reported revenue of $51.9 billion and earnings of $2.92 per share, beating analyst estimates on both earnings and revenue. The company’s comparable sales grew by 11.1% in the fourth quarter, adjusted for the cost of fuel and currency dynamics.