Costco Wholesale Earnings Preview: Can This Streak Continue?

Costco Wholesale (NASDAQ:COST) will report earnings before markets open on Thursday, May 30th. Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries. The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, as well as other goods.

Here is your Cheat Sheet to Costco Wholesale Earnings:

Earnings Expectations: Analysts expect earnings of $1.03 per share on revenues of $24.23 billion. Currently, the company’s P/E ratio stands at 25.36.

Analyst Trends:

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 is a profit of $4.55, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Costco Wholesale has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 72,483 71,422 77,946 88,915 99,137
Diluted EPS ($) 2.89 2.47 2.92 3.30 3.89

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Feb. 29, 2012 May. 31, 2012 Aug. 31, 2012 Nov. 30, 2012 Feb. 28, 2013
Revenue ($) in millions 22,967.00 22,324.00 32,218.00 23,715.00 24,871.00
Diluted EPS ($) 0.90 0.88 1.39 0.95 1.24

Past Performance:
Costco Wholesale has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]