Costco (COST) Earnings: Can a Potential Stock Split Boost Price?
5% price move projected as the stock trades near all-time highs
- Costco reports quarterly earnings Thursday, after the stock market closes, and the stock could split soon, making it more affordable.
- The company is expected to report earnings-per-share of $4.08 on $63.03 billion in revenue.
- The chain will continue to lean on high membership renewal rates and store expansion plans.
Costco (COST) will report quarterly earnings after the market closes Thursday, and the stock price is trading near all-time highs at around $1,050 per share. The wholesaler will look to continue posting strong earnings figures for the quarter, and many investors are wondering whether we’ll see a stock split.
The company is expected to report earnings-per-share (EPS)…
