The company is slated to report its fiscal third-quarter earnings results after the market closes later today.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio believes Costco may be an opportunity going into the quarter, saying it's a very strong company that's been down for quite a long time.
Wall Street is expecting Costco to report a profit of $1.15 per share on revenue of $26.63 billion for the third quarter, according to analysts polled by Thomson Reuters.
In the same quarter of last year, the company reported earnings of $1.07 per share on revenue of $25.79 billion.
Issaquah, Wash.-based Costco currently operates 671 warehouses, including 474 in the U.S. and Puerto Rico, 88 in Canada, 34 in Mexico, 26 in the U.K., 20 in Japan, 11 in Korea, 10 in Taiwan, seven in Australia and one in Spain.
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, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins."