Expectations THAT ApplIED to Costco Trading Strategies....
Costco was expected to deliver a year-over-year increase in earnings on
higher revenues when it reports results for the quarter ended November 2021.
The consensus earnings estimate is for $2.59 per share on revenue of
$49.05 billion; but the Whisper number is higher at $2.77 per share.
Consensus estimates are for year-over-year earnings growth of 13.10%
with revenue increasing by 13.52%.
The Actual Earnings
Costco came out with decent first-quarter fiscal 2022 results, wherein
both the top and the bottom lines not only surpassed the Consensus Estimate but
also improved year over year.
out with quarterly earnings of $2.97 per share, beating the Consensus Estimate
of $2.59 per share. This compares to earnings of $2.29 per share a year ago.
These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.67%.
Total revenues, which include net sales and membership fees, came in at
$50,363 million, up 16.6% from the prior-year quarter.
shares have added about 40.7% since the beginning of the year versus the
S&P 500's gain of 25.2%.