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发表于 2020-5-27 03:39 PM
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Costco Wholesale will report earnings after the close on Thursday, and investors are hoping that results will show the company has continued to benefit from consumers' focus on essentials -- a trend that has boosted its big-box retailer peers and helped the discounter's own results this year.
Here's a rundown of recent events and analysts' expectations.
-- Costco stock is up just over 3% year to date, although it's gained 26% in
the past year. Costco last reported earnings in March, and the quarter
was better than expected. That was due in large part to worried consumers
who began stocking up on essentials in earnest in February, amid the
spreading coronavirus.
-- Not surprisingly, that trend continued in March, when Covid-19-related
lockdowns were announced in some parts of the country, and shoppers
hustled to fill their pantries.
-- The forced closures have hurt many nonessential retailers, but those that
have stayed open selling necessities have thrived. Costco's results will
show whether it, too, has continued to stay relevant to consumers. It's
worth noting, however, that while many companies have been forced to
slash their dividend, Costco's recent success meant it was able to
actually raise its payout.
-- Analysts are forecasting earnings per share of $1.85 for Costco, on
revenue of $36.55 billion . That compares with EPS of $2.10 and revenue of
$38.3 billion in the previous quarter.
-- Costco has a history of beating analysts' expectations. The company's
bottom-line results have come in better than consensus estimates each
quarter since late 2018.
-- Fifty-five percent of analysts have a Buy rating on Costco, while 35%
rate it at Hold or the equivalent. Just 10% rate it a Sell. The average
analyst price target is $318.69 .
-- Costco will hold a conference call at 5 p.m. ET on Thursday . |
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狗仔卡
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Totally agree!
