Published: Fri, September 30, 2016
Economy | By Melissa Porter

Costco quarterly profit rises 1.6 percent

Costco quarterly profit rises 1.6 percent

While revenue estimates for the current year is $119.13B, Costco Wholesale Corporation (NASDAQ:COST) setting the highest revenues estimates of $121.3B and indicating lowest revenues at $118.69B according to agreement of 22 number of analysts. The reported earnings topped the analyst's consensus by $0.01 with the surprise factor of 1.40%.

In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for Costco Wholesale Corporation as 36.81 Billion.

Costco Wholesale Corporation (NASDAQ:COST) plunged -0.69% or -1.04 points during previous trade after opening at the price of $150.60, a total of 2.63M shares exchanged hands compared with its average trading volume of 2.16M shares. The Market Capitalization of the company stands at 65.45 Billion. A month ago, analyst EPS consensus estimated earnings of US$1.74 per share.

Costco Wholesale Corp.COST -1.29 % on Thursday reported a surprising increase in earnings in its August quarter, despite cheap fuel, currency headwinds and wage increases for its store workers.

These analysts also forecasted Growth Estimates for the Current Quarter for COST to be 0%.

Colgate-Palmolive Company (NYSE:CL) mean estimate for revenue for the ongoing quarter ending Sep 16 is $3.94B by 16 analysts. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. Citigroup Inc. upped their price target on shares of Costco Wholesale Corp. from $155.00 to $172.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 16th. Costco Wholesale Corp. The stock has a 50 day moving average price of $159.12 and a 200 day moving average price of $156.37.

Costco Wholesale Corporation (NASDAQ:COST) went down -0.49% during trading on 09/27/2016, hitting $150.45. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.

United States of America based company, Costco Wholesale Corporation's (COST)'s latest closing price was -2.84% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -7.19% and -2.68% compared with the 20 Day Moving Average. Costco Wholesale Corporation P/E (price to earnings) ratio is 28.23 and Forward P/E ratio of 25.06. The stock's 52-week range is $138.57 to $169.73.

Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.83%. The most expectant earnings per share estimate of the stock is set at $5.35 while the conservative estimates kept at $5.2 over the current year. The Stock now has a Weekly Volatility of 1.06% and Monthly Volatility of 1.27%. Year-to-Date the stock performance stands at -6.71%.

Like this: