Costco Wholesale (NASDAQ: COST) releases its next round of earnings this Thursday, December 12. Here's Benzinga's essential guide to Costco Wholesale's Q1 earnings report.
Wall Street analysts see Costco Wholesale reporting earnings of $1.71 per share on revenue of $37.25 billion.
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Costco Wholesale EPS in the same period a year ago totaled $1.61. Revenue was $35.07 billion. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 6.21%. Revenue would be up 6.22% on a year-over-year basis. Costco Wholesale's reported EPS has stacked up against analyst estimates in the past like this:
Over the last 52-week period, shares are up 32.84%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate Costco Wholesale stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Costco Wholesale is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: http://investor.costco.com/events/event-details/q1-2020-earnings-call
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