Costco Wholesale Company (NASDAQ: COST) – Oppenheimer research analysts issued their EPS estimates for the stock of Costco in their report of Tuesday, 18th May. R. Parikh, an analyst at Oppenheimer expects the retailer to post an EPS of $11.20 for this year. Recently, Oppenheimer has a rating of “Outperform” and a target price of $425.00 on the stock. The company last announced their earnings results of the quarter on Wednesday, 3rd March. The company reported an EPS of $2.14 for this quarter. The company missed the estimates of the consensus by $0.31. The average estimate was $2.45.
More Details About The COST Stock!
The stock has a 2.50% net margin and a 24.50% equity return. The company has $44.77 bn as its revenue for this quarter which is higher than the estimate made by the consensus which stood at $43.71 bn. During such a similar period, last year, the firm earned an EPS of $2.10. The revenue of the company for this quarter increased by 14.6% on a Y-O-Y basis.
The COST stock was the subject of several analyst reports. Jefferies Group decreased their price target for the shares of the company from $435.00 – $405.00 while setting a rating of “buy” on the stock in their research note of Thursday, 11th March. Royal Canada Bank increased their price target on the shares of the company from $300.00 – $414.00 in their research note of Thursday, 6th May. Telsey Group increased their price target from $390.00 – $395.00 while setting a rating of “outperform” on the shares of the company in their research note of Monday, 10th May. Stifel Nicolaus increased their price target from $370.00 – $385.00 while setting a rating of “buy” on the COST stock in their research note of Wednesday, 14th April.