Costco Wholesale Earnings: Here’s Why the Stock is Rising Now
Costco Wholesale Corporation (NASDAQ:COST) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.75%.
Costco Wholesale Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.18% to $1.04 in the quarter versus EPS of $0.88 in the year-earlier quarter.
Revenue: Rose 4.86% to $24.08 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Costco Wholesale Corporation reported adjusted EPS income of $1.04 per share. By that measure, the company beat the mean analyst estimate of $1.03. It missed the average revenue estimate of $24.21 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS decreased 5.45% from $1.10 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.46 to a profit $1.47. For the current year, the average estimate has moved up from a profit of $4.51 to a profit of $4.55 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)