Q: What is Costco 2024/Q4 Earnings Preview?
TigerGPT Answer: ### Costco (COST) Earnings Call Summary
#### Forecast Data
- **Earnings Per Share (EPS):** $5.08 (Q4 2024)
- **Prior Year EPS:** $4.86 (Q4 2023)
- **Percentage Change:** +4.53%
- **Total Revenue:** $79,928,651,000 (Q4 2024)
- **Prior Year Revenue:** $78,939,000,000 (Q4 2023)
- **Percentage Change:** +1.25%
- **EBIT:** $2,948,155,290 (Q4 2024)
- **Prior Year EBIT:** $2,781,000,000 (Q4 2023)
- **Percentage Change:** +6.00%
**Significance of Changes:**
- The increase in EPS indicates improved profitability, suggesting effective cost management or higher margins.
- The modest rise in total revenue reflects steady growth, possibly driven by increased membership fees and e-commerce sales.
- The significant rise in EBIT suggests better operational efficiency and profitability.
#### Quarterly Important News
1. **Membership Fee Increase:**
- Costco raised its membership fees for the first time in seven years, which is expected to boost revenue and profit margins.
- **Impact:** Positive, as it indicates potential for higher recurring revenue.
2. **E-commerce Growth:**
- E-commerce sales grew more than 20% year-over-year.
- **Impact:** Positive, showing adaptability to changing consumer behaviors and potential for future growth.
3. **Competition from Alibaba's 1688:**
- Alibaba's 1688 is opening physical stores to compete with Costco.
- **Impact:** Negative, as increased competition could pressure margins and market share.
#### Forecast Viewpoints
- **Earnings week ahead: Micron, Costco, BlackBerry, Accenture and more:** Earnings week ahead: Micron, Costco, BlackBerry, Accenture and more
- **Costco Stock Keeps Rising Despite Its Valuation. Should You Buy?:** Costco Stock Keeps Rising Despite Its Valuation. Should You Buy?
- **What You Need To Know Ahead of Costco Earnings Thursday:** What You Need To Know Ahead of Costco Earnings Thursday
- **Costco (COST) Earnings Expected to Grow: Should You Buy?:** Costco (COST) Earnings Expected to Grow: Should You Buy?
- **Is a Surprise Coming for Costco Wholesale (COST) This Earnings Season?:** Is a Surprise Coming for Costco Wholesale (COST) This Earnings Season?
#### Stock Trend Analysis
- **Latest Price:** $906.98 (2024-09-23)
- **Support Price:** $907.0 (2024-09-20)
- **Resistance Price:** $848.0 (2024-09-20)
- **Quarterly Stock Price Fluctuation:** 8.61% (2024-05-12 to 2024-08-10)
- **Analyst Target Price:** Mean: $898.46, Low: $675.0, High: $1050.0
**Analysis:**
- The stock price has shown a stable upward trend, with a significant support level at $907.0 and resistance at $848.0.
- The current price is close to the support level, indicating potential for upward movement if earnings meet or exceed expectations.
#### Options Large Order Analysis
- **Recent Large Orders:**
- 09-13: -19696.69 Unit(K)
- 09-16: 32230.25 Unit(K)
- 09-17: 13009.41 Unit(K)
- 09-18: 19105.18 Unit(K)
- 09-19: 6373.83 Unit(K)
**Analysis:**
- The presence of large call orders suggests bullish sentiment, indicating a higher probability of the financial report exceeding expectations.
#### Analyst Ratings and Target Price Forecast
- **Analyst Ratings:** 9 recommend, 16 buy, 12 hold
- **Valuation Status:** The stock is currently at a high valuation with a P/E ratio at a multiyear high.
**Prediction:**
- Given the positive earnings estimate revisions and strong analyst support, the financial report is likely to meet or exceed expectations.
### Comprehensive Conclusion
Costco is expected to report strong financial results for Q4 2024, with increases in EPS, revenue, and EBIT. The company's strategic moves, such as raising membership fees and growing e-commerce sales, are likely to contribute positively. Despite high valuation concerns, the stock has strong support from analysts and bullish sentiment in the options market, indicating potential for positive performance post-earnings.
**Disclaimer:** The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
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