Quite a few stock analysts have increased the EPS for COST for the third quarter in a research report published on the 8th of April. According to Jefferies Financial Group, the company will be posting an EPS of $2.20 for this quarter, which is quite an increase from the initial increase of $2.15. The company currently has a rating of buy with a price target of $405 on the stock of the company. The brokerage has also put up the estimates of the FY2021 earnings for the company with an EPS of $10.08, a Q1 2022 earnings at an EPS of $2.66, with FY2022 earnings at an EPS of $11.3.
The Quarterly Estimates Of COST
The stocks of COST did announce their quarterly results on the 3rd of March. The EPS reported by the company for the quarter was $2.14, which missed out on the consensus estimate set at $2.45. The net margin for the company was 2.50%, with a 24.50% return on its equity. The revenue generated by the company for the quarter was $44.77 billion, which was more than the consensus sum of around $43.71 billion.
There have been quite a few research equities that have commented on the stocks of COST. DA Davidson has already reduced the price target of the company from a sum of $390 to $325 with a rating of neutral in an 11th March research report. Telsey Advisory Group has also reduced the price target of the company from $430 to $375 with a rating of “outperform” in a 5th March research report. The Royal Bank of Canada has also reduced the price target of the company from $$35 to $399 with a rating of “outperform” in an 11th March research report. Citigroup followed the trend and reduced the price target of the company from $380 to $360 with a rating of neutral in an 11th March research report.
Seven investment analysts have already given the stocks of the company a rating of hold, while nineteen of them have given the company a rating of buy. Currently, COST has a buy rating with a $386.79 price target.