Costco (NASDAQ:COST) stock is the subject of today’s video, as the company is reporting earnings later this week. Costco has seen some rocky trading lately, while the industry rank doesn’t inspire confidence either, as it is in the bottom 40% overall.
Additionally, COST has been seeing some sluggish earnings estimates as of late, and the current earnings ESP is negative. The one positive is that COST has moved up to a Zacks Rank ‘hold’ territory, getting it out of the doldrums of ‘sell’ territory for now.
COST also has a solid fundamental score, which includes an overall score of ‘B’, and then component grades of ‘B’ for Value and ‘A’ for Growth. This might not be enough though, as the earnings estimate trend has been negative for a while, and the company hasn’t had a great track record in recent reports. So, it could be a sluggish report for COST, and especially if the recent estimate trend is any guide.
Author is long COST shares
COSTCO WHOLE CP (COST): Free Stock Analysis Report
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