BUZZ-PREVIEW: Costco Wholesale expected to report rise in quarterly sales
Reuters
Mar 06
BUZZ-PREVIEW: Costco Wholesale expected to report rise in quarterly sales
** Shares of Costco Wholesale COST.O fall 2.3% to $982.88 ahead of its quarterly earnings report due after markets close
** Wall Street analysts expect COST to report a ~9% rise in rev to $69.3 billion on rising sales; adj EPS is seen rising 13% to $4.56 versus $4.02 a year ago - data compiled by LSEG
** COST's rev and adj EPS have met analyst expectations 7 times in the last 8 quarters
** 38 analysts cover COST, giving it an avg rating of "buy" and median PT is $1,082.50 - LSEG
** COST is up 13.9% YTD vs Dow Jones Industrial Average's .DJI 0.4% decrease
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