Should You Buy Costco Stock Before Sept. 24?
Key PointsCostco's fourth-quarter earnings will be released in about two weeks.
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.
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- Should You Buy Costco Stock Before Sept. 24? finance.yahoo.com
- Should You Buy Costco Stock Before Sept. 24? fool.com
