COST - Costco Stock Sinks As Market Gains: Here's Why | Benzinga
The latest trading session saw Costco (NASDAQ: COST) ending at $726.33, denoting a -0.39% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%.
Shares of the warehouse club operator witnessed a loss of 0.47% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 1.39% and the S&P 500's loss of 2%.
Market participants will be closely following the financial results of Costco in its upcoming release. The company plans to announce its earnings on May 30, 2024. The company's upcoming EPS is projected at $3.69, signifying a 7.58% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $57.97 billion, reflecting an 8.06% rise ...