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Mar 07, 2022

Costco (COST, $525.50) beat fiscal Q2 earnings expectations

Costco posted its fiscal second quarter earnings results that crushed analysts’ expectations.

Th e retail company’s earnings for the quarter came in at $2.92 a share, well above the $2.73 a share predicted by analysts (based on Visible Alpha data).

Revenue of $51.9 billion also exceeded analysts’ forecast of $51.3 billion.

Comparable sales grew +14.4%, vs. +11.8% expected by analysts. The growth is a slight deceleration from the preceding quarter's pace of growth.

Related Ticker: COST

Momentum Indicator for COST turns positive, indicating new upward trend

COST saw its Momentum Indicator move above the 0 level on April 29, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for COST just turned positive on April 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 May 02, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for COST crossed bullishly above the 50-day moving average on May 07, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COST advanced for three days, in of 386 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 410 cases where COST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

COST broke above its upper Bollinger Band on May 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 51, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 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: P/B Ratio (17.361) is normal, around the industry mean (11.105). COST's P/E Ratio (53.219) is considerably higher than the industry average of (24.192). COST's Projected Growth (PEG Ratio) (5.260) is very high in comparison to the industry average of (2.970). Dividend Yield (0.005) settles around the average of (0.023) among similar stocks. P/S Ratio (1.453) is also within normal values, averaging (1.265).

Notable companies

The most notable companies in this group are Walmart (NYSE:WMT), Costco Wholesale Corp (NASDAQ:COST), Target Corp (NYSE:TGT), Dollar General Corp (NYSE:DG), Dollar Tree (NASDAQ:DLTR), Big Lots (NYSE:BIG).

Industry description

Companies in the discount stores industry specialize in offering substantial discounts on a vast array of retail products. Some companies in this industry also operate general merchandise warehouse clubs. Products sold at discount stores are typically similar to those of any department store, but the pricing of the goods is generally much lower (and hence the name “discount”). Think Dollar General Corporation, Dollar Tree, Inc. and Five Below, Inc. Many discount stores target low-income households and/or price-sensitive consumers as their potential market. Discount stores’ profitability could hinge on factors like competitive pricing, sufficient locations, healthy revenue per square foot, and effective advertisement. These store operators could have an edge over other retailers during financial crises or recessions, when many consumers could be looking for less expensive alternatives.

Market Cap

The average market capitalization across the Discount Stores Industry is 72.2B. The market cap for tickers in the group ranges from 1.78K to 524.21B. WMT holds the highest valuation in this group at 524.21B. The lowest valued company is TUEMQ at 1.78K.

High and low price notable news

The average weekly price growth across all stocks in the Discount Stores Industry was 0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 6%. TBBB experienced the highest price growth at 9%, while WMMVF experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Discount Stores Industry was -13%. For the same stocks of the Industry, the average monthly volume growth was 36% and the average quarterly volume growth was -50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 55
Price Growth Rating: 47
SMR Rating: 50
Profit Risk Rating: 50
Seasonality Score: -26 (-100 ... +100)
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COSTDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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General Information

a company which sells goods through membership warehouses

Industry DiscountStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
999 Lake Drive
Phone
+1 425 313-8100
Employees
316000
Web
https://www.costco.com
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