Costco Wholesale Corporation (NASDAQ:COST) will hand down its results for the third quarter of fiscal 2023 after the closing bell on Thursday, May 25.
Investors will be paying close attention to Costco’s results given that the stock has recently received attention from hedge funds and other institutional investors, according to reports.
Wall Street expects the membership warehouse club to post earnings per share of $3.32 for the quarter, according to Zacks Consensus Estimate.
This would be an improvement on the year-ago quarter when Costco posted earnings per diluted share of $3.04.
Analysts expect revenue in the range of $53.15 billion to $55.8 billion, up from $51.61 billion in the comparable quarter in 2022.
Costco shares were trading modestly higher on Thursday morning, up 0.2% at US$483.92.
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