NEW YORK (TheStreet) -- Costco Wholesale Corp. (COST) - Get Report stock is rising by 0.32% to $144.18 in early morning trading on Wednesday, after the company's earnings per share beat estimates for the fourth quarter and full year of fiscal 2015.
The membership warehouse operator reported earnings of $1.73 per share for the quarter ended August 30, while analysts surveyed by Thomson Reuters had estimated for earnings of $1.66 per share.
Costco posted earnings of $5.37 per share for fiscal 2015, surpassing estimates of $5.21 per share.
Quarterly revenue, however, fell short of estimates at $35.78 billion, compared with analysts' expectations of $36.33 billion.
Annual revenue slightly missed expectations at $116.2 billion, compared with estimates of $116.71 billion.
Same store sales increased 1% for the fiscal year, but dropped 1% in the latest quarter.
"We believe the company's core fundamentals remain strong, with healthy traffic trends and operational excellence led by a well respected management team," Deutsche Bank said in an analysts note. "However, we anticipate valuation will be constrained along with the top line and maintain our 'hold' rating."
Separately, TheStreet Ratings team rates COSTCO WHOLESALE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
We rate COSTCO WHOLESALE CORP (COST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: COST