Reported 2 months ago
In its latest trading session, Costco (COST) rose 1.88% to $816.88, outperforming the S&P 500's gain of 1.04%. Despite a monthly decline of nearly 9%, upcoming earnings on September 26, 2024, are anticipated to show a modest year-over-year growth in earnings per share. Investor focus on analyst estimate revisions is crucial, as optimistic adjustments can influence stock movements. Currently holding a Zacks Rank of #3 (Hold), Costco's pricing appears elevated compared to its industry peers.
Source: YAHOO