Coming into today, shares of the warehouse club operator had lost 15.77% in the past month. In that same time, the Retail-Wholesale sector lost 15.28%, while the S&P 500 lost 9.39%.
Wall Street will be looking for positivity from Costco as it approaches its next earnings report date. This is expected to be May 26, 2022. In that report, analysts expect Costco to post earnings of $3.04 per share. This would mark year-over-year growth of 10.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $51.76 billion, up 14.33% from the year-ago period.
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