Costco Wholesale Earnings Preview: Can This Streak Continue?
Costco Wholesale (NASDAQ:COST) will report earnings before markets open on Thursday, May 30th. Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries. The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, as well as other goods.
Here is your Cheat Sheet to Costco Wholesale Earnings:
Earnings Expectations: Analysts expect earnings of $1.03 per share on revenues of $24.23 billion. Currently, the company’s P/E ratio stands at 25.36.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.46 to a profit $1.47. For the current year, the average estimate is a profit of $4.55, which is better than the estimate ninety days ago.
Here’s how Costco Wholesale has been performing on an annual basis:
|Revenue ($) in millions||72,483||71,422||77,946||88,915||99,137|
|Diluted EPS ($)||2.89||2.47||2.92||3.30||3.89|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Feb. 29, 2012||May. 31, 2012||Aug. 31, 2012||Nov. 30, 2012||Feb. 28, 2013|
|Revenue ($) in millions||22,967.00||22,324.00||32,218.00||23,715.00||24,871.00|
|Diluted EPS ($)||0.90||0.88||1.39||0.95||1.24|
Costco Wholesale has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)