Costco Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Costco Wholesale Corporation COST is expected to report financial results for its fourth quarter, after the closing bell on Sept. 26, 2023.

Analysts expect the company to post quarterly earnings at $4.79 per share, up from year-ago earnings of $4.20 per share. The company’s revenue might come in at $77.90 billion, compared to $72.09 billion in the year-ago period.

Costco shares rose 0.01% to close at $558.62 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Mark Astrachan reiterated a Buy rating with a price target of $575 on Aug. 31, 2023. This analyst has an accuracy rate of 82%.
• UBS analyst Michael Lasser maintained a Buy rating and boosted the price target from $560 to $640 on Aug. 3, 2023. This analyst has an accuracy rate of 81%.
• Truist Securities analyst Scot Ciccarelli maintained a Buy rating and increased the price target from $567 to $597 on Aug. 3, 2023. This analyst has an accuracy rate of 79%.
• Oppenheimer analyst Rupesh Parikh maintained an Outperform rating and boosted the price target from $575 to $630 on July 25, 2023. This analyst has an accuracy rate of 76%.
• Baird analyst Peter Benedict maintained an Outperform rating and raised the price target from $535 to $550 on July 7, 2023. This analyst has an accuracy rate of 66%.

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