COST Stock Earnings Forecast 2022 | Utradea
Costco’s earnings are being released today (May 26th) after market close.
COST historically beats earnings 80.39% of the time, with an average beat on earnings of 5.47%.
Conversely, COST historically misses earnings 19.61% of the time, with an average miss of 6%.
By taking a weighted average (80.39% for earnings beats, and 19.61% for earnings misses) of the average gains/losses we can arrive at an estimate of how much COST will beat (or miss) their earnings by. COST has a weighted average EPS beat of 4.4%, and a weighted average EPS miss of 1.18%. By adding these weighted averages together we arrive at an estimated earnings miss of 3.22%
Applying this to their earnings estimate we can expect to their EPS estimate by miss which would result in a reported EPS of 3.22% $3.12 (versus their estimated EPS of $3.02.
Originally published at https://utradea.com.