Costco Wholesale Corp reports results for the quarter ended February 28 - Earnings Summary

• Costco Wholesale Corp COST.OQ reported quarterly adjusted earnings of $4.02​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $3.92. The mean expectation of twenty nine analysts for the quarter was for earnings of $4.11 per share. Wall Street expected results to range from $3.89 to $4.60 per share.

• Revenue rose 9% to $63.72 billion from a year ago; analysts expected $63.13 billion.

• Costco Wholesale Corp's reported EPS for the quarter was $4.02​.

• The company reported quarterly net income of $1.79 billion.

• Costco Wholesale Corp shares had risen by 14.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 14 "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 $1,087.00

This summary was machine generated from LSEG data March 6 at 10:01 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)