After the close, Costco (COST) is scheduled to report Q1 results.
A conference call is set to follow at 5:00 p.m. E.T.
Capital IQ Consensus Estimate calls for Q1 EPS of $1.93 (vs $1.73 a year ago) on sales growth of +14.1% to $42.26 bln.
On December 2 the company revealed Q1 sales totaled $42.35 bln with e-commerce sales up +86.4% (+86.2% excluding gas/FX).
TECHS:
COST goes into the Q1 print with a $164 bln market capitalization. Roughly 38x forward earnings estimates, a decent premium to peers Walmart (WMT) at 26x, Target (TGT) at 20x, and Kroger (KR) at roughly 11x.
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