Avg Daily Volume: 4,164,851 Market Cap: 127.46B
Sector: Services Short Interest: 1.24
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.04/share REV: 37,500/M
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LAST QTR: EPS: 2.06/share ACTUAL: 2.10/share (BEAT)
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NEXT QTR: EPS: 2.8/share REV: 50,100/M
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FULL YR: EPS: 8.67/Share REV: 163,800/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -4.12, -2.77, -1.96
EXPECTED JUMP MOVE: 5-9%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Not only do you have to come up with fabulous gifts, but your loved ones probably expect stockings full of fun finds to go along with those larger-ticket items. But these are just some of the many great gifts Costco has available.
In our opening comments, we discussed how a few headwinds were brewing that could lead to this even though the October core PCE Price Index came in as expected. What led to the market’s about-face was the far hotter than expected November Chicago PMI (55.8 vs. the expected 45.4 and 44 in October) as well as more subdued comments from New York Fed President John Williams following this morning’s data. While the market read into comments from Fed Governor Christopher Waller, we could see a Fed pivot before too long, Williams voiced a more balanced view, sharing his PCE inflation forecast is for 3% in all of 2023, falling to 2.25% in 2024 and near 2% in 2025.
A strong 3rd-quarter earnings season is in the books, and the focus turns to what near-term consumer shifts may be brewing
Costco’s (COST) distinctive membership business model and pricing power set it apart from traditional players. Comparable sales for the retail month of November rise 3.5%.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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