Costco Wholesale Corp reports results for the quarter ended August 31 - Earnings Summary

• Costco Wholesale Corp reported quarterly adjusted earnings of $4.93​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $5.87. The mean expectation of thirty two analysts for the quarter was for earnings of $6.53 per share. Wall Street expected results to range from $4.75 to $5.27 per share.

• Revenue rose 51.4% to $70.53 billion from a year ago; analysts expected $94.86 billion.

• Costco Wholesale Corp's reported EPS for the quarter was $6.75​.

• The company reported quarterly net income of $3 billion.

• Costco Wholesale Corp shares had fallen by 3.3% this quarter and gained 4.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 32.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the discount stores peer group is also "buy"

• Wall Street's median 12-month price target for Costco Wholesale Corp is $1,100.00, about 17.8% above its last closing price of $904.70

This summary was machine generated from LSEG data September 24 at 09:16 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)