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Saturday, April 17, 2021

COST Has An EPS Of $2.21 For This Quarter

Several research analysts have predicted that the stocks of COST would be posting an EPS of $2.21 for this quarter. According to a report, six of the investment analysts have gone ahead and put up estimates into the earnings of the company with the ball rolling at $1.98 to a sum of $2.32. The EPS reported by the company is $1.89, which is indicative of annual growth of 16.9%. The stocks of COST will be putting up their next quarterly report on the 27th of May. 

The Quarterly Estimate Of COST

The stocks of COST previously updated their results of earnings on the 3rd of March. The EPS reported by the company for the quarter was $2.14, which missed out on the consensus estimate of around $2.45. The return on equity for the firm was 24.50%, with a 2.50% net margin. The revenue for the quarter was $44.77 billion, which was more than the consensus of $43.71 billion. 

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There have been quite a few research equities that have commented on the shares of COST. Robert W. Baird has already decreased the price target of the company from $410 to $395 with a rating of “outperform” in an 11th March research report. Oppenheimer has also increased the price target of the company from $350 to $370 with a rating of “outperform” in a 24th March research report. Jefferies Financial Group has gone the other way, with a price target reduced from $435 to $405, along with a rating of “buy” in an 11th March research report. In the end, BMO Capital Markets increased the price target of the company from $385 to $430 with a rating of “outperform” in an 11th December research report. Nine of the investment analysts involved have a rating of hold, while seventeen of them have given the stocks of COST a rating of buy. Currently, COST has a buy rating with a $379.17 price target. 

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