Costco Wholesale Corp. (COST) reports Q4 2021 earnings after Thursday’s closing bell, with analysts expecting a healthy profit of $3.65 per-share on $61.45 billion in revenue. If met, earnings-per-share (EPS) will mark a 13% profit increase compared to the same quarter last year. The stock sold off more than 2% in June despite beating Q3 top and bottom line estimates, but recovered quickly, carving a series of new highs into September.
Telsey Advisory Group analyst Joseph Feldman outlined his bullish thesis earlier in the quarter, insisting that Costco “should remain a share gainer, with its solid sales, high membership renewal rates (110 million total members), and square footage growth of LSD. In fiscal year 2022, Costco should continue to generate solid EPS growth, driven by a MSD comp, MSD-HSD membership fee income growth, healthy digital growth, and lapping COVID-19 related costs”.
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