Earnings Preview: Costco

Costco

is set to report its quarterly earnings results prior to the opening bell on Wednesday. Wall Street analysts expect the company to report earnings of $1.31 per share. This compares to the $1.08 that the company reported in the year earlier period. The high estimate is $1.37 and the low estimate is $1.25. In the year ago quarter, Costco missed Wall Street EPS estimates of $1.10. Revenues are expected to be $31.69 billion, which implies year over year sales growth of 12.50 percent. The low estimate is $30.09 billion and high estimate is pegged at $32.42 billion. Over the last 3 months, consensus EPS estimates for Costco have held steady. During this time period, the stock has is up a little better than 8 percent. The 52-week range in the stock is $78.72 - $103.51. Year-to-date, the shares are up nearly 22 percent. On Monday, COST fell 0.43 percent to close at $101.35.