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4-Traders Homepage  >  Equities  >  Nasdaq  >  Costco Wholesale Corporation    COST

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Costco Wholesale : 4Q earnings grow 18 percent, top forecasts

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10/05/2017 | 10:19pm CET

ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. said its fiscal fourth-quarter earnings increased 18 percent as the warehouse club's sales also improved.

The Issaquah, Washington-based company said Thursday that it had $919 million net income, or $2.08 per share. That's up from $779 million, or $1.77 per share, a year ago when the quarter was one week shorter.

The results exceeded Wall Street expectations. The 13 analysts surveyed by Zacks Investment Research expected earnings of $2.02 per share on average.

Costco posted revenue of $42.3 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $41.74 billion.

For the year, the company reported profit of $2.68 billion, or $6.08 per share. That's up from $2.35 billion, or $5.33 per share, the previous year. Revenue grew to $129.03 billion in 2017 from the previous year's $118.72 billion.

Costco shares have risen slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 14 percent. In the final minutes of trading on Thursday, shares hit $167.07, an increase of 11 percent in the last 12 months.

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST

Automated Insights, source Associated Press News

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Financials ($)
Sales 2018 138 B
EBIT 2018 4 466 M
Net income 2018 2 842 M
Debt 2018 1 169 M
Yield 2018 1,09%
P/E ratio 2018 29,08
P/E ratio 2019 26,39
EV / Sales 2018 0,61x
EV / Sales 2019 0,57x
Capitalization 82 276 M
Chart COSTCO WHOLESALE CORPORATI
Duration : Period :
Costco Wholesale Corporati Technical Analysis Chart | COST | US22160K1051 | 4-Traders
Technical analysis trends COSTCO WHOLESALE CORPORATI
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 184 $
Spread / Average Target -2,4%
EPS Revisions
Managers
NameTitle
Walter Craig Jelinek President, Chief Executive Officer & Director
Hamilton Evans James Chairman
Roger A. Campbell Senior Vice President- International Operations
Richard A. Galanti CFO, Director & Executive Vice President
Paul G. Moulton Chief Information Officer & Executive VP
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