JUMP REPORT
| Avg Daily Volume: 2,032,621 Market Cap: 125.76B Sector: Services Short Interest: 1.12 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.54/share REV: 47,530/M
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LAST QTR: EPS: 1.82/share ACTUAL: 1.89/share (BEAT)
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NEXT QTR: EPS: 1.71/share REV: 37,370/M
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FULL YR: EPS: 8.09/share REV: 152,790/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: 52% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -3.51, 5.49, -9.27
POTENTIAL JUMP MOVE: 7%
Links To Latest News and Headlines
Costco has not been immune to the drop. Despite the warehouse club operating pretty much as it always has, steadily adding members while retaining existing members, the chain has seen its share price fall 22.83% in the past six months. Costco’s share price drop, however, has nothing to actually do with the company’s performance.
(Bloomberg) — The wild swings in consumer stocks this week that erased about $500 billion in market value are far from over with earnings reports from well-known retailers including Dollar General Corp., Macy’s Inc. and Costco Wholesale Corp. still to come.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordOne of the World’s Frothiest Housing Markets
The warehouse retailing niche might avoid the same profit challenges that have hurt other companies.
The overall stock market has been struggling with the Dow Jones Industrial Average heading for its eighth straight losing week. For retail stocks including Target (NYSE: TGT), Costco Wholesale (NASDAQ: COST), and Kohl’s (NYSE: KSS), this past week has been the worst of them all. As of Friday midmorning trading, Target shares had dropped a whopping 30% for the week.
The stock market has taken a beating, with the technology and retail sectors having been especially hard-hit. Over the past 30 days, Tesla shares have dropped more than 25% while Target stock has given up around 38%. Target, Costco, and Walmart have seen their profit drop due to higher costs.
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