BUZZ-PREVIEW: Costco shares edge down; results due after the bell
Costco Wholesaleshares fell 0.7% ahead of its quarterly results, expected to show revenue growth to $86.061 billion and EPS of $5.80. Analyst ratings include 22 "strong buy" or "buy" and 15 "hold" recommendations, with a median 12-month price target of $1,070. Year-to-date, Costco is up 2%, compared to a 13% gain in the S&P 500. The company previously missed Q3 revenue expectations and is facing a lawsuit from Lululemon over alleged knockoff products.
Shares of Costco Wholesale (COST.O) were down 0.7% on Thurs, with the membership retailer seen reporting an increase in rev and EPS in its qtrly results after the closing bell
Analysts expect Q4 rev of $86.061 bln vs $79.697 bln in the yr-ago qtr, and EPS of $5.80 vs $5.29 a yr ago, according to LSEG
Analyst recommendations on COST include 22 “strong buy” or “buy” ratings and 15 “hold” ratings
The median 12-mo PT on COST is $1,070; the stock was last at $936.91 Costco in May missed analyst expectations for Q3 rev and said it had pulled forward shipments of some goods it had planned to import this summer to lower the impact of U.S. tariffs In June, Lululemon (LULU.O) sued Costco, alleging that the wholesaler sells “knockoff” sweatshirts, jackets and pants that unlawfully copy its products
COST is up about 2% YTD vs a roughly 13% gain in the S&P 500 (.SPX)
