Costco Wholesale (COST) is scheduled to report earnings for the first quarter of fiscal 2025 after the market closes Thursday, with analysts expecting the retailer to report rising revenue and profits.

Of the 20 analysts tracked by Visible Alpha, 13 have 澳洲幸运5官方开奖结果体彩网:"buy" ratings on the warehouse retailer's stock, while the other seven have "hold" ratings. However, the average 澳洲幸运5官方开奖结果体彩网:target price of $983.47 suggests a more cautious outlo𒁃ok, with shares trading൲ roughly 1.5% above the target price on Thursday morning.

Analysts expect Costco will report a revenue bump of roughly 7% to $62.1 billion compared to $57.8 billion at the same time last year, according to estimates compiled by Visible Alpha. 澳洲幸运5官方开奖结果体彩网:Net income is also projected to rise to $1.7 billion, or $3.81 澳洲幸运5官方开奖结果体彩网:per share, from $1.6 billio🎶n and $3.58 per share at the same time last year.

New Membershi♌p Fee, Negative Impact of Late Thanksgiving

This quarter is the first since Costco澳洲幸运5官方开奖结果体彩网: raised its membership fees in September, going into effect at the 澳洲幸运5官方开奖结果体彩网:beginning of the fiscal year. However, company executives said 澳洲幸运5官方开奖结果体彩网:last quarter that the impacꩵt will likely be weighted to the back half of fiscal 2025.

JPMorgan analysts, lifting their price target to $1,090 from $945, wrote recently that past fee increases have seen Costco quickly 澳洲幸运5官方开奖结果体彩网:invest in things like higher wages and lower prices, minimizing the immediate impact of the hike.

When reporting its 澳洲幸运5官方开奖结果体彩网:November sales, Costco said that Thanksgiving and Black Friday taking place a week later than last year, negatively impacted sales, especially online. However, analysts remained bullish following the monthly data as JPM analysts said Costco's "core trends" are "ahead of expectations and quite robust," while Oppenheimer analysts raised the idea of a future stock split as a potential "positive catalyst" for Costco shares.

Costco shares were about 0.4% higher in early trading Thurs🐠day, and have gained more than 50% sinc༺e the start of 2024.

UPDATE—Dec. 12, 2024: This article has been updated to reflect more recent analyst estimates and share price information.