Costco Wholesale Corp (NASDAQ: COST) has reported earnings for its fourth fiscal quarter (ending August 31) of $5.30 versus $4.87 for the same period a year ago. For the latest four quarters through August 31, E.P.S. were $16.59 versus $14.18 for the same period a year ago.
Recent Price Action
Costco Wholesale Corp (NASDAQ: COST) stock closed at $901.44 on 9/26/24 after a slight decline of -0.8%. Moreover, above average trading volume at 144% of normal accompanied the decline. The stock has risen 1.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 12 but a very high Power Rating of 87, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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