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What Wall Street Analysts Think of Costco’s Stock Ahead of Earnings

Shoppers at a Costco store in Vermont in August.
Shoppers at a Costco store in Vermont in August.

Photo by Robert Nickelsberg / Getty Images

Key Takeaways

  • Costco will report earnings after the market closes on Thursday.
  • The majority of analysts tracked by Visible Alpha hold a buy rating on the bulk retailer, but their average price target isn't much higher than today's close.
  • This will be Costco's first earnings report since raising its membership price for the first time in seven years.

Costco Wholesale (COST) will report fiscal fourth-quarter earnings after the closing bell Thursday, with analysts projecting growth on the 澳洲幸运5官方开奖结果体彩网:top and bottom lines—but very little further appreciation♈ for the shares.

The 澳洲幸运5官方开奖结果体彩网:membership-based bulk retailer has seen its stock climb about 40% this year. 💯Of the 19 analysts tracked by Visible Alpha, 13 have a buy rating on C📖ostco's stock.

The consensus price target of $912.94 represents only a slim premium to Wednesday's close of $908.42.

Costco is projected to report $2.27 billion in net income on just shy of $79.96 billion in revenue, up from $2.2 billion and $78.9 billion, respectively, a year earlier.

Investors will be watching closely for the company’s first results since 澳洲幸运5官方开奖结果体彩网:raising its membership price for the first time in seven years. Here’s 澳洲幸运5官方开奖结果体彩网:what you need to know about Costco’s upcoming earnings report.

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