Costco Wholesale Corporation (NASDAQ:COST) will release earnings results for its first quarter, after the closing bell on Thursday, Dec. 12.
Analysts expect the Issaquah, Washington-based company to report quarterly earnings at $3.8 per share, up from $3.58 per share in the year-ago period. Costco projects to report revenue of $62 billion for the recent quarter, compared to $57.8 billion a year earlier, according to data from Benzinga Pro.
The company missed analyst revenue estimates in the fourth quarter. It also missed estimates in five of the last 10 quarters.
Costco shares gained 0.1% to close at $994.69 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating and raised the price target from $980 to $1,075 on Dec. 10. This analyst has an accuracy rate of 73%.
- Jefferies analyst Corey Tarlowe maintained a Buy rating and boosted the price target from $1,050 to $1,145 on Dec. 5. This analyst has an accuracy rate of 70%.
- Stifel analyst Mark Astrachan maintained a Buy rating and increased the price target from $935 to $1,000 on Dec. 5. This analyst has an accuracy rate of 72%.
- Baird analyst Peter Benedict maintained an Outperform rating and raised the price target from $975 to $1,075 on Dec. 5. This analyst has an accuracy rate of 67%.
- Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and boosted the price target from $1,000 to $1,050 on Dec. 5. This analyst has an accuracy rate of 72%.
Considering buying COST stock? Here's what analysts think:
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