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Bartosiak: Trading Costco's (COST) Earnings with Options
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On Thursday, March 2nd, Costco (COST - Free Report) will release its second quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Dave will look at Costco’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Costco ahead of earnings.
Costco in Focus
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.
Costco is expected to report earnings at $1.35 a share according to the Zacks Consensus Estimate. Last quarter they missed earnings expectations by -1.68%, missing estimates by -$0.02 a share. They were expected to report last quarter at $1.19 per share. They have an average earnings surprise of -0.83%.
Costco Wholesale Corporation Price, Consensus and EPS Surprise
How should investors play Costco ahead of their earnings report? For insights on the best options trades, then tune in 1:00pm today to see David’s thoughts.
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Bartosiak: Trading Costco's (COST) Earnings with Options
On Thursday, March 2nd, Costco (COST - Free Report) will release its second quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Dave will look at Costco’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Costco ahead of earnings.
Costco in Focus
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.
Costco is expected to report earnings at $1.35 a share according to the Zacks Consensus Estimate. Last quarter they missed earnings expectations by -1.68%, missing estimates by -$0.02 a share. They were expected to report last quarter at $1.19 per share. They have an average earnings surprise of -0.83%.
Costco Wholesale Corporation Price, Consensus and EPS Surprise
Costco Wholesale Corporation Price, Consensus and EPS Surprise | Costco Wholesale Corporation Quote
Bottom Line
How should investors play Costco ahead of their earnings report? For insights on the best options trades, then tune in 1:00pm today to see David’s thoughts.
Everything You Need to Know About Snapchat BEFORE It Goes PublicYou may be curious about the buzz surrounding Snap Inc.'s IPO on March 2. With the company expected to be valued around $22 billion, it is expected to be the largest IPO since 2014. But should you snap up this tech stock on Day 1?
In the 2017 IPO Watch List, you'll get an inside look at Snap's exciting prospects and potential challenges. You'll also learn about 4 other exciting tech companies with jaw-dropping growth. Each could go public in the coming months.
Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the latest scoop. Download this IPO
Watch List today for free >>