Posted 11/27/2023, 10:45:15 PM
Costco Stock Outperforms Broader Market as Earnings Report Looms
- Costco (COST) stock closed higher while broader markets fell, up 0.6% vs S&P 500's 0.2% loss
- Costco outpaced markets in past month, gaining 8.9% vs S&P 500's 7.49%
- Earnings report coming Dec 14 expected to show EPS of $3.44, up 10.97%, and revenue of $57.65B, up 5.91%
- For full year, EPS projected at $15.72, up 7.01%, and revenue at $252.41B, up 4.18%
- Costco currently has a Zacks Rank of #3 (Hold) and a high Forward P/E of 37.62 vs industry average of 24.02