Costco Wholesale Corp. reports fiscal fourth-quarter results after the close on Tuesday.
Food and gas prices are still, relatively speaking, up there. When membership warehouse chain Costco Wholesale Corp. reports fiscal fourth-quarter results after the market close on Tuesday, we’ll get a better idea of how shoppers are responding as the search for a break from higher prices continues into the holiday-shopping season.
But heading into the results, some analysts felt that Costco COST, -0.59% — which sells food, gasoline and clothing and also offers things like pharmacy and optical services — remained an attractive option against that backdrop. What to expect Earnings: Analysts polled by FactSet expect Costco to report adjusted earnings per share of $4.79. Estimize, which crowdsources estimates from hedge funds, academics and others, also forecast earnings per share of $4.79.Stock movement: Shares of Costco were down 0.4% on Monday. So far this year, the stock has marched 22.7% higher. By comparison, the S&P 500 SPX has risen 13.2% over that period.
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