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Stock impact report

Why Some Experts Think 'Defensive' Investors Could Lift Costco Stock Back Toward Records [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Analysts said following the report that Costco stock could be in for gains this year if the retailer continues its recent trend of performance. Costco Wholesale's ( COST ) latest earnings beat estimates, giving its stock a lift. But what's next for the retailer's shares, which haven't done much over the past year? The warehouse retail giant said late Thursday it earned $4.58 per share in its fiscal second quarter, on revenue of $69.6 billion. That was better than the Street expected: Analysts had forecast earnings per share of $4.51 with sales of $69.1 billion, per estimates compiled by Visible Alpha. Costco's shares were up 1% in recent trading on an off day for markets . But they're down slightly in the last 12 months despite the company posting consistently solid results. Some analysts, however, think there could be more gains ahead after a 15% rally to start this year as investors have flocked to defensive consumer-focused stocks Why This Matters to Investors Costco sho Show less Read more
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