What's Happening with COST
Costco Wholesale Corporation (COST) is scheduled to report Quarter 4 numbers after the market close on December 9. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is up 40.4% on the year.
Technical Analysis
COST was recently trading at $528.93 down $31.85 from its 12-month high and $221.93 above its 12-month low. InvestorsObserver gives COST a 88 long-term technical score and a 61 short-term technical score. The stock has recent support above $525.22 and recent resistance below $559.77. Of the 17 analysts who cover the stock 9 rate it Strong Buy, 3 rate it Buy, 5 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, COST gets an overall score of 52 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 11.74% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.29 EPS. COST is currently trading at $528.93 with an average price target of $519.64.