Costco Wholesale Corp. (COST - Free Report) just released its first quarter fiscal 2017 financial results after the bell, posting earnings of $1.17 and revenues of $28.09 billion. COST is a #3 (Hold) on the Zacks Rank, and is down 0.55% to $153.00 per share in after-hours trading.
Missed earnings estimates. The company reported earnings of $1.17 per share, lagging behind the Zacks Consensus Estimate of $1.19 per share. This number excludes seven cents from non-recurring items.
Missed revenue estimates. The company saw revenues figures of $28.09 billion, also missing our consensus estimate of $28.384 billion but gaining 3.2% year-over-year.
Costco reported total comparable sales for the quarter of 1%. Excluding the impacts from changes in gasoline prices and foreign exchange, total comparable sales were 2%. Membership fees were $630 million in Q1.
Here’s a graph that looks at Costco’s price, consensus, and EPS surprise:
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Costco Wholesale Corp. (COST - Free Report) just released its first quarter fiscal 2017 financial results after the bell, posting earnings of $1.17 and revenues of $28.09 billion. COST is a #3 (Hold) on the Zacks Rank, and is down 0.55% to $153.00 per share in after-hours trading.
Missed earnings estimates. The company reported earnings of $1.17 per share, lagging behind the Zacks Consensus Estimate of $1.19 per share. This number excludes seven cents from non-recurring items.
Missed revenue estimates. The company saw revenues figures of $28.09 billion, also missing our consensus estimate of $28.384 billion but gaining 3.2% year-over-year.
Costco reported total comparable sales for the quarter of 1%. Excluding the impacts from changes in gasoline prices and foreign exchange, total comparable sales were 2%. Membership fees were $630 million in Q1.
Here’s a graph that looks at Costco’s price, consensus, and EPS surprise:
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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