For its third fiscal quarter (ending May 31), Costco Wholesale Corp (NASDAQ: COST) has reported E.P.S. of $3.79 compared to $2.94 a year ago. E.P.S. were $16.16 for the latest four quarters through May 31 versus $13.52 for the same period a year ago.
Recent Price Action
On 5/30/24, Costco Wholesale Corp (NASDAQ: COST) stock increased 1.1%, closing at $815.34. Moreover, this advance was accompanied by above average trading volume at 136% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, COST is expected to continue to be a major Value Builder.
Costco Wholesale has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Costco Wholesale has a very low Appreciation Score of 14 but a very high Power Rating of 92, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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