Form 8-K COSTCO WHOLESALE CORP For: May 06
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Nomura Bullish On Costco (COST) Ahead of Earnings Tonight
May 25, 2016 10:11 AM EDTNomura analyst, Robert Drbul, is bullish on Costco Wholesale (NASDAQ: COST) ahead of 3Q16 earnings with a 3Q EPS estimate of $1.25, $0.03 above consensus. He is expecting sales growth of 3.9% to $26.5bn, including a +1.0% total comp sales increase.
The company continues to be negatively affected by deflationary trends across the store, including in meat, electronics, and... More
