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Costco (COST) Stock Moves -1.37%: What You Should Know
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Costco (COST - Free Report) closed at $234.48 in the latest trading session, marking a -1.37% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the warehouse club operator had gained 7.18% over the past month. This has outpaced the Retail-Wholesale sector's loss of 1.88% and the S&P 500's loss of 3.33% in that time.
COST will be looking to display strength as it nears its next earnings release, which is expected to be December 13, 2018. On that day, COST is projected to report earnings of $1.61 per share, which would represent year-over-year growth of 18.38%. Our most recent consensus estimate is calling for quarterly revenue of $34.28 billion, up 7.76% from the year-ago period.
COST's full-year Zacks Consensus Estimates are calling for earnings of $7.70 per share and revenue of $152.08 billion. These results would represent year-over-year changes of +12.74% and +7.42%, respectively.
Investors might also notice recent changes to analyst estimates for COST. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. COST is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that COST has a Forward P/E ratio of 30.89 right now. For comparison, its industry has an average Forward P/E of 22.56, which means COST is trading at a premium to the group.
It is also worth noting that COST currently has a PEG ratio of 3.03. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 54, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Costco (COST) Stock Moves -1.37%: What You Should Know
Costco (COST - Free Report) closed at $234.48 in the latest trading session, marking a -1.37% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the warehouse club operator had gained 7.18% over the past month. This has outpaced the Retail-Wholesale sector's loss of 1.88% and the S&P 500's loss of 3.33% in that time.
COST will be looking to display strength as it nears its next earnings release, which is expected to be December 13, 2018. On that day, COST is projected to report earnings of $1.61 per share, which would represent year-over-year growth of 18.38%. Our most recent consensus estimate is calling for quarterly revenue of $34.28 billion, up 7.76% from the year-ago period.
COST's full-year Zacks Consensus Estimates are calling for earnings of $7.70 per share and revenue of $152.08 billion. These results would represent year-over-year changes of +12.74% and +7.42%, respectively.
Investors might also notice recent changes to analyst estimates for COST. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. COST is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that COST has a Forward P/E ratio of 30.89 right now. For comparison, its industry has an average Forward P/E of 22.56, which means COST is trading at a premium to the group.
It is also worth noting that COST currently has a PEG ratio of 3.03. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 54, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.