Costco Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Costco Wholesale Corporation is set to release its third-quarter earnings results, with expectations of increased earnings and revenue compared to the previous year [1]. Financial Performance - Analysts predict Costco will report quarterly earnings of $4.23 per share, an increase from $3.78 per share in the same quarter last year [1]. - Projected quarterly revenue is expected to be $63.1 billion, up from $58.52 billion a year earlier [1]. - The company beat revenue estimates in the second quarter but has only surpassed analyst estimates in four of the last ten quarters overall [2]. Stock Performance - Costco shares experienced a slight decline of 0.5%, closing at $1,013.14 [3]. Analyst Ratings - Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating with a price target of $1,100 [8]. - Loop Capital analyst Laura Champine has a Buy rating but reduced the price target from $1,150 to $1,045 [8]. - Stifel analyst Mark Astrachan also holds a Buy rating, lowering the price target from $1,075 to $1,035 [8]. - Evercore ISI Group analyst Greg Melich maintains an Outperform rating and raised the price target from $1,050 to $1,070 [8]. - Truist Securities analyst Scot Ciccarelli has a Hold rating and increased the price target from $935 to $995 [8].