Costco Wholesale Corporation is drawing heavy investor attention, with the Zacks Consensus Estimate for current-quarter earnings now at $4.86 per share, up 12% from the year-ago quarter and 1% higher over the last 30 days. For the current fiscal year, the consensus earnings estimate of $22.57 points to a 10.4% increase from the prior year, while the next fiscal year's estimate of $24.71 indicates a 9.5% gain. Revenue is also projected to grow, with the current-quarter consensus sales estimate of $73.33 billion marking a 9% year-over-year change, and current and next fiscal year estimates of $327.15 billion and $350.18 billion pointing to increases of 7.9% and 7%, respectively. In its last reported quarter, Costco posted revenues of $95.72 billion, up 11.1% year over year, and earnings per share of $6.6 versus $5.87 a year earlier, beating the Zacks Consensus Estimate on both revenue and EPS. Despite the estimate revisions, Costco carries a Zacks Rank #3 (Hold) and a Zacks Value Style Score of D, indicating it trades at a premium to its peers.
Costco Wholesale CorpZacks consensus earnings and revenue estimates for Costco were revised higher, with current-quarter EPS up 1% over 30 days and FY estimates showing double-digit growth.
