Published on 2 Dec 2021 on Zacks via Yahoo Finance
Why the Earnings Surprise Streak Could Continue for Costco (COST)
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Costco (COST). This company, which is in the Zacks Retail - Discount Stores industry, shows potential for another earnings beat.
When looking at the last two reports, this warehouse club operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 14.97%, on average, in the last two quarters.
For the most recent quarter, Costco was expected to post earnings of $3.55 per share, but it reported $3.90 per share instead, representing a surprise of 9.86%. For the previous quarter, the consensus estimate was $2.29 per share, while it actually produced $2.75 per share, a surprise of 20.09%.