:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2167437485-ed280dcff1bb41278d1d29bbe206c96e.jpg)
Key Takeaways
- Costco will report earnings after the market closes on Thursday.
- The majority of analysts tracked by Visible Alpha hold a buy rating on the bulk retailer, but their average price target isn’t much higher than today’s close.
- This will be Costco’s first earnings report since raising its membership price for the first time in seven years.
Costco Wholesale (COST) will report fiscal fourth-quarter earnings after the closing bell Thursday, with analysts projecting growth on the top and bottom lines—but very little further appreciation for the shares.
The membership-based bulk retailer has seen its stock climb about 40% this year. Of the 19 analysts tracked by Visible Alpha, 13 have a buy rating on Costco’s stock.
The consensus price target of $912.94 represents only a slim premium to Wednesday’s close of $908.42.
Costco is projected to report $2.27 billion in net income on just shy of $79.96 billion in revenue, up from $2.2 billion and $78.9 billion, respectively, a year earlier.
Investors will be watching closely for the company’s first results since raising its membership price for the first time in seven years. Here’s what you need to know about Costco’s upcoming earnings report.