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

• Costco Wholesale Corp COST reported quarterly adjusted earnings of $5.87​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $5.29. The mean expectation of twenty eight analysts for the quarter was for earnings of $5.80 per share. Wall Street expected results to range from $5.37 to $5.97 per share.

• Revenue rose 8.1% to $86.16 billion from a year ago; analysts expected $86.06 billion.

• Costco Wholesale Corp's reported EPS for the quarter was $5.87​.

• The company reported quarterly net income of $2.61 billion.

• Costco Wholesale Corp shares had fallen by 4.5% this quarter and gained 3.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 15 "hold" and no "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 $1,070.00, about 11.7% above its last closing price of $945.27

This summary was machine generated from LSEG data September 25 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)