News Formal

Analysts loved Costco's earnings report—Here's where they say the stock is headed next

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Wall Street's takeaways from Costco's fourth-quarter earnings.

Higher customer traffic underpinned a fourth-quarter earnings beat for Costco . Despite weaker sales of higher priced items throughout the quarter, Costco said on Tuesday that overall store visits rose 5.2% globally and were up 5% in the U.S. year-over-year. That helped offset a decline in the value of average transactions, which pulled back 4% worldwide and fell 4.5% in the U.S. from the year-ago period. For the fourth quarter ended Sept. 3, Costco said it earned $4.86 per share on $78.

mountain Costco's performance year to date. Analysts largely lauded the quarterly results and remain bullish on the stock, which was trading more than 2% higher on Wednesday. "We believe COST's 4Q provided further evidence that the stock fits well with what the market is looking for right now. Essentially, this is 'no drama,'" UBS analyst Michael Lasser said in a Tuesday note. Lasser also labeled Costco stock as "the gold standard.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Costco earnings top Wall Street estimatesCostco Wholesale Corp. shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Costco earnings top Wall Street estimates, but stock fallsCostco Wholesale Corp. shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Costco earnings: Can the retailer keep rolling as analysts speculate on membership-fee hike?Costco Wholesale Corp. reports fiscal fourth-quarter results after the close on Tuesday.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Costco Stock Slips After Earnings. It Could Be an Opportunity.Retailer Costco delivered an earnings beat, but investors seem disappointed it didn't raise membership fees. Wall Street analysts are upbeat, though.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »