Costco's Earnings Growth Forecast

Costco Wholesale Corporation, headquartered in Issaquah, Washington, is one of the largest warehouse club operators in the United States. The company specializes in selling high volumes of foods and general merchandise, including household products and appliances, at discounted prices through membership warehouses. Additionally, Costco operates e-commerce sites in several countries including the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.

For the current quarter, Costco is projected to post earnings of $3.70 per share, which represents a year-over-year change of +7.9%. For the current fiscal year, the earnings estimate is $16.04, indicating a year-over-year change of +9.2%. For the next fiscal year, the earnings estimate is $17.37, indicating a change of +8.3% from the previous year.

Four analysts have revised their earnings estimate higher in the last 60 days for fiscal 2024, and the earnings estimate has increased $0.09 to $16.04 per share. The company also reports an average earnings surprise of 2.6%. Costco is forecasting year-over-year earnings growth of 9.2% for the current fiscal year.