Costco posted earnings of $1.36 billion, or $3.07 a share, in the fiscal first quarter, missing analysts’ expectations of $3.12 a share. However, the figure was higher than the year-ago quarter’s compared with $2.98 a share.
The retail company’s revenue climbed +8% from the year-ago quarter to $54.44, vs. analysts’ estimates of $58.36 billion. Same-store sales were up +6.6% (vs. the Street forecasts of +6.4%), while e-commerce revenue fell -3.7%.
Costco currently operates 847 warehouses globally, and opened seven net new warehouses in the first quarter. The company intends to open three in the second quarter, four in the third quarter and 10 in the fourth quarter. The company plans to open 27 new warehouses in fiscal 2023, including three relocations.
COST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 27 cases where COST's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for COST just turned positive on October 23, 2024. Looking at past instances where COST's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
COST moved above its 50-day moving average on October 22, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COST advanced for three days, in of 377 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where COST's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on COST as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for COST entered a downward trend on October 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 52, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. COST’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: COST's P/B Ratio (16.639) is slightly higher than the industry average of (7.972). COST's P/E Ratio (53.534) is considerably higher than the industry average of (24.061). COST's Projected Growth (PEG Ratio) (5.507) is slightly higher than the industry average of (3.039). COST has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.020). P/S Ratio (1.550) is also within normal values, averaging (1.332).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which sells goods through membership warehouses
Industry DiscountStores