What's Happening with COST
Costco Wholesale Corporation (COST) is scheduled to report Quarter 2 numbers after the market close on May 28. Analysts forecast earnings of $1.21 per share for the quarter. During the same period last year the company earned $1.14, and the stock is up 2.9% on the year.
Technical Analysis
COST was recently trading at $302.43 down $22.83 from its 12-month high and $69.38 above its 12-month low. InvestorsObserver gives COST a 73 long-term technical score and a 93 short-term technical score. The stock has recent support above $295.5 and recent resistance below $310.81. Of the 22 analysts who cover the stock 11 rate it Strong Buy, 3 rate it Buy, 7 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, COST gets an overall score of 66 from InvestorsObserver.
Analysts' Thoughts
COST has shown annual earnings growth of 11.80% over the last five years, and looking ahead analysts expect the company to grow profits 6.56% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $1.21 EPS. COST is currently trading at $302.43 with an average price target of $323.96.