William Blair Maintains Outperform On Costco Wholesale Following Fiscal First Quarter Results


In a research report sent to investors, William Blair analyst Mark Miller maintained an Outperform rating on Costco Wholesale  (NASDAQ:COST), following the company’s fiscal first quarter results, posting EPS of $1.12, which were $0.04 ahead of Blair’s $1.08 estimate and $0.03 higher than consensus. No price target was provided.

Miller noted, “We raised our fiscal 2015 and 2016 EPS estimates by $0.05, to $5.30 and $5.80, respectively.” He continued, “We believe the company has a long runway for expansion in international markets and is one of the better-positioned retailers versus e-commerce competitors. Costco shares currently trade at a 1.6 times P/E premium to the S&P 500 (on forward EPS), slightly above the company’s historical average premium.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Mark Miller has a total average return of 1.8% and a 44.2% success rate. Miller has an 10.0% average return when recommending COST, and is ranked #1631 out of 3403 analysts.

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