Projected Costco Earnings Analysis: Anticipated Outcomes
Revamped Article:
Costco Wholesale Corporation, the iconic American retailer, is readying to share its Q3 earnings on May 29 - a date hotly anticipated by investors. Current estimates suggest a profit of $4.25 per share - a solid 12.4% jump from the $3.78 per share reported in the same quarter last year.
Amidst the rolling market turmoil due to tariffs, Costco continues to thrive. Over the past 52 weeks, shares of the retail juggernaut have surged an impressive 36.5%, outpacing the S&P 500 Index's 8.7% rise and the Consumer Staples Select Sector SPDR Fund's 7.1% return.
Costco's strong performance over the past year can be attributed to its resilient business model, consistent growth, and ability to deliver significant value to consumers despite economic pressures like tariffs.
On April 17, Costco shares surged nearly 3%, outperforming the broader market, after it announced a 12% increase in its quarterly dividend. Bumped up from $1.16 to $1.30 per share, the dividend will be paid on May 16 to shareholders of record as of May 2.
Costco's stock currently trades around $991.70, with a 54.18 forward P/E ratio and a whopping $434.16B market cap.
Wall Street analysts remain optimistic about Costco's stock. With a "Moderate Buy" rating overall, they recommend "Strong Buy" (17 analysts) or "Moderate Buy" (4 analysts), while insisting "Hold" (13 analysts). The average price target for COST stands at $1,063.66, indicating a potential upside of 7.3% from current levels.
As of publication, this article does not reflect any direct or indirect positions held by Kritika Sarmah in any of the securities mentioned.
For a deeper dive into Costco’s earnings, historical performance, and market trends, check out our Active Investor newsletter or delve into Costco’s investor relations archives at SEC.gov.
- Despite the tariff-related market turbulence, Costco Wholesale Corporation's shares have outpaced the S&P 500 Index and the Consumer Staples Select Sector SPDR Fund, with a 36.5% surge over the past 52 weeks.
- Wall Street analysts, who maintain a "Moderate Buy" overall rating for Costco, suggest a "Strong Buy" or "Moderate Buy" for investors, and the average price target for COST stands at $1,063.66, indicating a potential 7.3% upside from current levels.
- Costco's Q3 earnings will be announced on May 29, with estimates suggesting a profit of $4.25 per share, representing a 12.4% increase from the same quarter last year.
- In April, Costco shares rose nearly 3%, outperforming the broader market, after announcing a 12% increase in its quarterly dividend, which stands at $1.30 per share.
