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Costco's shares underperform with a 2.88% drop in the last month

EditorPollock Mondal
Published 2023-11-01, 02:44 a/m
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Costco (NASDAQ:COST) shares closed at $552.44 in the recent session, marking a 0.44% shift from the prior day. This underperformed the S&P 500's gain of 0.65%, as well as the Dow and Nasdaq's gains of 0.38% and 0.48% respectively. Over the last month, Costco's shares have seen a depreciation of 2.88%, underperforming both the Retail-Wholesale sector and the S&P 500's losses.

The forthcoming financial results are anticipated to show a year-over-year EPS rise of 10.65% to $3.43, and a revenue increase of 6.27% to $57.85 billion from the same quarter last year. Full fiscal year projections from Zacks Consensus Estimates predict earnings of $15.74 per share and revenue of $253.5 billion, indicating changes of +7.15% and +4.63% respectively from last year.

InvestingPro Insights

According to InvestingPro, Costco is a solid player in the Consumer Staples Distribution & Retail industry. The company has a strong track record, having maintained dividend payments for 20 consecutive years. This consistency is supported by their strong earnings, which should allow for continued dividend payments. The company also holds a strong position with more cash than debt on its balance sheet, which is a positive sign for investors.

InvestingPro's real-time data provides further insights into Costco's financial health. As of Q4 2023, the company had a market cap of 244.59 billion USD. The company's Price/Earnings ratio stood at 38.97, indicating a high earnings multiple. The revenue for the last twelve months as of Q4 2023 was a significant 242.29 billion USD, showing the company's substantial earning power.

InvestingPro offers many more tips and real-time data metrics, helping investors make informed decisions. For those interested in diving deeper into Costco's financials, the InvestingPro platform is a valuable resource.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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