Should You Buy Costco Stock Before Sept. 24?
The retailer is scheduled to release its fourth-quarter earnings later this month.
Costco Wholesale's stock has not been performing well this year, even though the company continues to grow. The stock has only risen by 6% this year, while the S&P 500 has gained around 12%. On September 24, Costco will release its fourth-quarter earnings, which could provide important guidance for the year ahead. However, the stock has fallen after earnings reports in the past.
Costco's stock trades at a high valuation, at close to 50 times earnings, which is uncommon for a retail company. This suggests that investors are expecting high future performance, which may not be realized. Costco's sales have been strong, with comparable sales up over 8% for the year, but the high valuation makes it an unattractive investment at this time.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Should You Buy Costco Stock Before Sept. 24? finance.yahoo.com
- Should You Buy Costco Stock Before Sept. 24? nasdaq.com
