Costco Wholesale Corp (NASDAQ: COST) has reported earnings for its second fiscal quarter (ending February 28) of $3.93 versus $3.30 for the same period a year ago. E.P.S. were $15.32 for the latest four quarters through February 28 versus $13.63 for the same period a year ago.
Recent Price Action
On 3/7/24, Costco Wholesale Corp (NASDAQ: COST) stock increased 1.6%, closing at $785.59. Moreover, exceptionally high trading volume at 201% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 15 but a very high Power Rating of 93, resulting in the Neutral Value Trend Rating.
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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