Costco Wholesale 향후 성장
Future 기준 점검 2/6
Costco Wholesale (는) 각각 연간 8.7% 및 7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 8.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 24.3% 로 예상됩니다.
핵심 정보
8.7%
이익 성장률
8.81%
EPS 성장률
| Consumer Retailing 이익 성장 | 8.9% |
| 매출 성장률 | 7.0% |
| 향후 자기자본이익률 | 24.32% |
| 애널리스트 커버리지 | Good |
| 마지막 업데이트 | 20 May 2026 |
최근 향후 성장 업데이트
Recent updates
Seeking Alpha • May 20
Costco Q3 Preview: Shares A Hold As Expectations Run High
Summary Costco will be releasing its Q3 results on Thursday, May 28. Ahead of the release, shares in the stock are among the best performing names in the market, with gains of over 25% YTD. Shares are also trading just slightly below its 52-week high, which was an all-time level. While I view the outlook as positive, I view shares as a ‘hold’ at current trading levels. Read the full article on Seeking Alpha
내러티브 업데이트 • Apr 29
COST: Membership Strength And Traffic Trends Will Support Premium Future P/E
Analysts have nudged the Costco Wholesale fair value estimate higher to reflect a modestly higher blended Street price target in the $975 to $1,315 range, citing recent target increases after Q2 earnings, resilient membership income, and steady traffic trends. Analyst Commentary Recent Street research points to a broadly constructive tone around Costco, with several bullish analysts lifting price targets and highlighting consistent execution following the latest earnings prints.내러티브 업데이트 • Apr 15
COST: Membership Income Strength And Steady Traffic Will Sustain Premium P E
Analysts have raised their Costco Wholesale price targets by amounts ranging from $1 to $65, reflecting updated views on its execution, membership trends, and price-to-earnings assumptions. Together, these factors translate into a slightly refined fair value estimate and margin outlook in the latest model.내러티브 업데이트 • Mar 31
COST: Membership Engine And Premium P E Will Support Defensive Upside
Analyst fair value for Costco Wholesale has been revised higher from $1,205 to about $1,311 per share, as analysts factor in modestly stronger revenue growth assumptions, a slightly lower discount rate, a richer future P/E multiple near 57x, and recent Street research that continues to highlight resilient execution despite concerns around competing products. Analyst Commentary Recent research around Costco continues to frame the retailer as a high quality operator with a premium valuation, while also highlighting some areas of investor caution.
내러티브 업데이트 • Mar 17
COST: Membership Headwinds And Rich P E Will Shape Cautious Outlook
Costco Wholesale's intrinsic value estimate has been lifted by about $23 to $822.59 per share as analysts factor in higher long term price targets, supported by consistent same store sales execution, resilient traffic and ticket trends, recurring membership income growth, and views that the warehouse model remains a core holding for many portfolios despite a premium P/E multiple and membership growth headwinds flagged in some recent research. Analyst Commentary Recent research on Costco Wholesale centers on strong operational execution and consistent earnings beats, alongside ongoing debate about how much of that quality is already reflected in the share price.내러티브 업데이트 • Mar 03
COST: Membership Strength And Pricing Power Will Support Defensive Upside Through 2026
Analysts have nudged their Costco Wholesale price target higher to $1,205, a modest revision that reflects slightly firmer assumptions on revenue growth and a small adjustment to the discount rate, while still factoring in a similar long term profit profile and P/E outlook to previous estimates. Analyst Commentary Recent Street research around Costco points to generally constructive sentiment, with several bullish analysts lifting price targets and reiterating positive views on the company’s positioning and execution.
새로운 내러티브 • Mar 01
Costco Wholesale Corp. (COST): The Ultimate Membership Flywheel – Scaling 145 Million Members
Costco (COST) enters March 2026 as one of the most resilient "all-weather" stocks in the retail sector, trading at $1,011.17 following a 2.5% rally on February 27. The company has successfully navigated the high-inflation environment of the past two years, leveraging its bulk-buying power to maintain its "industry-leading pricing" advantage.
내러티브 업데이트 • Feb 17
COST: Value Focus And Membership Model Will Balance Food Disinflation And Competition
Analysts have nudged their Costco Wholesale fair value estimate higher to about $1,048 from roughly $1,030, pointing to slightly stronger assumptions for revenue growth, profit margin and future P/E multiples, partially tempered by a modestly higher discount rate and fresh price target raises across the Street. Analyst Commentary Recent Street research around Costco Wholesale has centered on fresh price target moves and updated views on how the membership model could hold up through changing consumer trends and spending patterns.내러티브 업데이트 • Feb 03
COST: Membership Model And Value Focus Will Support Defensive Upside Through 2026
Analysts maintained their fair value estimate for Costco Wholesale at $1,205, while adjusting their assumptions to reflect slightly higher revenue growth, modestly improved profit margins, and a slightly lower future P/E. These changes reflect renewed coverage and mixed but improving expectations for food retailers as discussed in recent Street research.내러티브 업데이트 • Jan 20
COST: Value Focus And SNAP Insulation Will Support Steady Future Membership Gains
Analysts have trimmed their Costco Wholesale fair value estimate to about $1,030 from roughly $1,056. They cite slightly more conservative assumptions on revenue growth, profit margins, and future P/E multiples, while also noting relative insulation from SNAP headwinds and potential consumer tailwinds discussed in recent retail sector research.분석 기사 • Jan 05
Is There Now An Opportunity In Costco Wholesale Corporation (NASDAQ:COST)?
Today we're going to take a look at the well-established Costco Wholesale Corporation ( NASDAQ:COST ). The company's...내러티브 업데이트 • Jan 05
COST: SNAP Headwinds And Tariff Relief Will Shape Fairly Balanced Outlook
Narrative Update Analysts have adjusted their Costco Wholesale fair value estimate from about $834.56 to $799.51. A higher discount rate and slightly lower assumed profit margin offset stronger modeled revenue growth.내러티브 업데이트 • Dec 15
COST: Membership Model And Traffic Strength Will Support Defensive Upside
Analysts have modestly reduced their fair value estimate for Costco Wholesale to $1,205 from $1,225, reflecting slightly lower growth and margin assumptions and a gradual normalization of the stock's previously elevated valuation multiple following recent Street target trims. Analyst Commentary Bullish analysts acknowledge that near term macro headwinds, including reduced Supplemental Nutrition Assistance Program benefits, are pressuring sector level sales, particularly in staples and grocery categories.내러티브 업데이트 • Dec 01
COST: Solid Membership Retention And Defensive Edge Will Support Future Share Gains
Analysts have modestly lowered their average price target for Costco Wholesale, now expecting shares to reach around $1,020. Recent updates reflect both the company's continued strong performance as well as persistent concerns over its premium valuation and mixed quarterly results.내러티브 업데이트 • Nov 17
COST: Strong Sales And Membership Model Will Drive Market Share Gains
Costco Wholesale’s analyst price targets have been reduced by approximately $30 to $70 per share following its fiscal Q4 report. Analysts cite a mixed performance, ongoing industry headwinds, and the company’s premium valuation as key factors in their updated outlooks.내러티브 업데이트 • Nov 02
COST: Market Share Gains Will Continue Driven By High Member Renewal Rates
Costco Wholesale's analyst price target has been reduced modestly, with the average fair value estimate moving down by about $1.65 to $1,059.55. Analysts cite a combination of slightly slower margin growth and a continued premium valuation backdrop as reasons for the adjustment.내러티브 업데이트 • Oct 03
Warehouse, E-Commerce, And International Expansion Will Support Future Success
Costco’s analyst price target has been revised downward to $1,061 from $1,072. Analysts cite mixed quarterly results, persistent strength in sales and margin improvements, but continued caution given the stock’s elevated valuation multiples.분석 기사 • Sep 29
Costco Wholesale Corporation (NASDAQ:COST) Yearly Results: Here's What Analysts Are Forecasting For This Year
Last week, you might have seen that Costco Wholesale Corporation ( NASDAQ:COST ) released its yearly result to the...내러티브 업데이트 • Sep 04
Warehouse, E-Commerce, And International Expansion Will Support Future Success
Despite continued strong comparable sales growth and solid execution, analysts cite concerns about Costco’s elevated valuation and limited upside at current prices, resulting in an unchanged consensus price target of $1073. Analyst Commentary Solid U.S. comparable sales growth at 5.5% in June, maintaining strength in Food, Sundries, and Fresh Foods, with mid-single-digit gains in nonfood categories.분석 기사 • Jul 25
Does Costco Wholesale (NASDAQ:COST) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...분석 기사 • Jul 14
We Like Costco Wholesale's (NASDAQ:COST) Returns And Here's How They're Trending
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...분석 기사 • May 30
Costco Wholesale Corporation (NASDAQ:COST) Shares Could Be 32% Above Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Costco Wholesale fair value estimate is US$763 Current share...Seeking Alpha • Apr 28
Costco: Incredible Value For Members, A Premium For Investors
Summary Costco's current valuation at 54x FY25 EPS is significantly above its historical average, making it an unattractive investment despite its strong fundamentals and growth prospects. The retail giant's business model ensures consistent growth, but its share price appreciation has outpaced its true value creation. History shows more favorable entry points between 28x and 39x EPS. Read the full article on Seeking AlphaSeeking Alpha • Mar 24
Costco: Profitable Like Heck, Valuation Like Shrek (Ugly)
Summary Costco is highly reliable due to its wide moats, loyal customer base, and predictable, cash-generative subscription model with pricing power. Companies with clearer futures, like Costco, deserve a premium valuation, similar to a bond proxy, ensuring ever-increasing cash flow. Despite Costco's strong fundamentals, its current high premium limits upside potential and annual returns, posing downside risks during market corrections. The most obvious reason to avoid Costco now is its sky-high premium, which sacrifices higher returns for safety. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
Costco's Selloff Is Finally Here - Is It A Buy Now?
Summary COST's much needed correction is finally here, albeit not enough, given the stock's still expensive valuations and pulled forward upside potential. While the stock has bounced at the 200 DMAs, it remains to be seen how the retailer may perform in the near-term, given the higher recessionary risks. This is especially since 27.6% of its FY2024 revenues are based in Canada/ International, worsened by the potential tariff impacts on its supply chain. While COST may have reported robust February 2025 comparable sales growth despite the tougher YoY comparisons, we believe that there may be more macro uncertainties ahead. Read the full article on Seeking AlphaSeeking Alpha • Mar 10
Costco: Overvalued After Strong Bull Run (Rating Downgrade)
Summary COST shares have risen by 74% since my Buy rating on the stock was published in late 2023. The company's business continues to perform well, and the company is gaining market share relative to competitors. The stock now trades at a very high valuation relative to peers and its own historical norms. I do not view the current valuation as attractive. I am downgrading the stock to Sell. Read the full article on Seeking AlphaSeeking Alpha • Mar 04
Costco's Q2 Preview: Investors Debate On Stock-Split, Special Dividend, And Fee Hike
Summary Costco's unique business model relies on membership fees, conservative management, and minimal debt, leading to strong cash flows and potential special dividends. Q2 earnings are expected to show revenue growth of 8% and EPS growth above 10%, with a focus on membership retention post-fee hike. In this article, we will go over the characteristics of this company and understand whether the stock presents an opportunity or not. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
Costco: Risks With The Momentum Trade Into Q2 Earnings
Summary The momentum trade has shifted to Walmart and Costco, with Costco's high P/E ratio and PEG ratio indicating a richly priced stock. Despite its premium valuation, Costco's strong earnings growth, robust traffic, and positive membership trends support a hold rating. Key risks include a cautious consumer, supply chain issues, inflation, and competition, but Costco's buy-in-bulk value proposition remains attractive. The technical analysis shows a bullish uptrend, suggesting buying in the mid-$950s offers a favorable risk/reward entry point. Read the full article on Seeking AlphaSeeking Alpha • Jan 22
Costco's Price Looks Similar To Walmart In 1999
Summary Costco's stock is overpriced, with valuation metrics stretched, suggesting subpar returns over the next 5–10 years despite its strong business model and growth potential. The subscription model is a key strength, contributing significantly to Costco's net income, but revenue growth has slowed, making current valuations unsustainable. Comparisons to Walmart in the late '90s show potential for long-term price stagnation due to P/E ratio compression, similar to post-dotcom bubble trends. Consider diversifying with Amazon and Kroger, which offer better valuations and growth prospects, providing a balanced mix of growth and recession resilience. Read the full article on Seeking AlphaSeeking Alpha • Jan 09
Costco: If It Ain't Broke, Why Fix It? Consistency Is Key
Summary Costco Wholesale Corporation's consistent performance and strong financials, including impressive ROA and ROE, make it a reliable long-term investment despite its high P/E ratio. The company's competitive edge and clean balance sheet, with substantial cash reserves and manageable debt, reinforce its strong market position. Recent developments show robust comparable sales growth, particularly in the U.S., and increasing popularity among younger demographics, indicating sustained demand. While Costco's valuation appears high, its predictable operations and potential for aggressive expansion, especially in China, justify a watchful approach toward COST stock for a 10%-20% pullback. Read the full article on Seeking AlphaSeeking Alpha • Dec 09
As Costco's Q1 Earnings Approach, Let's Understand The Mindset Of Its Shareholders
Summary Costco is a beloved and much-discussed stock with loyal customers and shareholders. Despite reaching all-time highs and nearing $1,000 per share, Costco has a 2.84 rating from SA analysts. The stock's rating may worsen, potentially leading to an overall sell recommendation; concerns are rising about Costco's valuation and future performance amidst its soaring stock price. We make an educated guess on Costco's upcoming Q1 earnings report and try to understand why few investors are selling out of their positions. Read the full article on Seeking AlphaSeeking Alpha • Nov 11
Costco Is A Great Place To Shop, But Not To Invest
Summary Costco's share price is overvalued despite strong financial performance, with a P/E ratio over 45x and limited long-term growth potential. Q4 highlights include $78.2 billion in net sales, 5.4% comparable sales growth, and a 9% increase in net income. Membership fees are a key income source, with a planned fee increase expected to boost net income by 20%. Limited international expansion and modest shareholder returns of around 2% make Costco a less competitive long-term investment. Read the full article on Seeking AlphaSeeking Alpha • Oct 29
Costco: Still Cheap With Room For Warehouse Growth
Summary Costco is still a growth story, with plans to open 25-30 new warehouses annually, focusing on international expansion. Despite a high valuation, Costco's potential for long-term growth justifies a premium valuation supported by improving metrics like ROIC, ROE, and ROCE. The international market, particularly China, presents significant opportunities and some challenges. Early successes and strategic positioning suggest growth might be successful. While I believe in the direction of the business, the stock is currently a hold due to valuation risks. Read the full article on Seeking AlphaSeeking Alpha • Oct 18
Costco Is Running Out Of Gold, Here's What That Means For The Wholesaler
Summary Costco's gold bars are selling out rapidly, highlighting strong demand and its ability to manage volatile assets and generate profit from rising gold prices. Despite high valuations, Costco's solid fundamentals, expanding global presence, and rising profit margins make it a buy recommendation for equity portfolios. COST's business model thrives in poor economies, offering bulk savings and low-margin staples, positioning it as a "safe haven" stock during recessions. Read the full article on Seeking AlphaSeeking Alpha • Oct 12
Costco's Buying Opportunity Has Long Left The Station
Summary Costco has repeatedly demonstrated why excellent execution and profitable growth rarely ever come cheap, as observed in the premium valuations. With the raised membership fees likely to trigger robust intermediate term prospects, we believe that the retailer may potentially beat consensus forward estimates. This is significantly aided by the healthy balance sheet, with it signaling the sustainability of its high growth trend. However, with COST already eye-wateringly expensive compared to historical trends and its peers, we maintain our belief that there is a minimal margin of safety here. Anyone hoping for another special dividend may be disappointed as well, with it only likely occurring in 2026. Read the full article on Seeking Alpha
새로운 내러티브 • Oct 08
Narrative update from Goran Damchevski
Membership Fee Increase and E-comm Will Improve Costco’s ProfitabilityBeginning September 1, 2024 Costco increased its membership fees by 8.3% from $120 to $130 for the Executive package and from $60Seeking Alpha • Oct 01
Costco Is A Phenomenal Company, But It's An Overpriced Investment
Summary Costco's valuation has reached a point where it's worth selling, despite its strong performance and customer loyalty. The company's growth is slowing, with only 1% net sales growth and 3% warehouse expansion expected. Costco's P/E ratio of 45 is significantly higher than the S&P 500, making the latter a better investment. Despite Costco's quality, its earnings growth rate is below the S&P 500, justifying a sell recommendation. Read the full article on Seeking Alpha이익 및 매출 성장 예측
| 날짜 | 매출 | 이익 | 자유현금흐름 | 영업현금흐름 | 평균 애널리스트 수 |
|---|---|---|---|---|---|
| 8/31/2028 | 348,457 | 11,001 | 9,942 | 14,877 | 18 |
| 8/31/2027 | 323,197 | 10,011 | 8,668 | 13,973 | 30 |
| 8/31/2026 | 299,745 | 9,128 | 8,307 | 13,590 | 31 |
| 2/15/2026 | 286,265 | 8,549 | 9,099 | 15,011 | N/A |
| 11/23/2025 | 280,391 | 8,302 | 9,003 | 14,763 | N/A |
| 8/31/2025 | 275,235 | 8,099 | 7,837 | 13,335 | N/A |
| 5/11/2025 | 268,776 | 7,843 | 7,317 | 12,426 | N/A |
| 2/16/2025 | 264,086 | 7,621 | 6,925 | 11,965 | N/A |
| 11/24/2024 | 258,805 | 7,576 | 5,014 | 9,948 | N/A |
| 9/1/2024 | 254,453 | 7,367 | 6,629 | 11,339 | N/A |
| 5/12/2024 | 253,695 | 7,173 | 7,417 | 12,106 | N/A |
| 2/18/2024 | 248,828 | 6,794 | 6,201 | 10,648 | N/A |
| 11/26/2023 | 245,652 | 6,517 | 8,803 | 13,109 | N/A |
| 9/3/2023 | 242,290 | 6,292 | 6,745 | 11,068 | N/A |
| 5/7/2023 | 235,442 | 6,000 | 5,823 | 9,849 | N/A |
| 2/12/2023 | 234,390 | 6,051 | 5,475 | 9,535 | N/A |
| 11/20/2022 | 231,028 | 5,884 | 2,851 | 6,744 | N/A |
| 8/28/2022 | 226,954 | 5,844 | 3,501 | 7,392 | N/A |
| 5/8/2022 | 217,538 | 5,646 | 4,100 | 7,826 | N/A |
| 2/13/2022 | 210,219 | 5,513 | 6,032 | 9,932 | N/A |
| 11/21/2021 | 203,084 | 5,165 | 5,819 | 9,569 | N/A |
| 8/29/2021 | 195,929 | 5,007 | 5,370 | 8,958 | N/A |
| 5/9/2021 | 186,637 | 4,726 | 6,914 | 10,260 | N/A |
| 2/14/2021 | 178,626 | 4,344 | 5,809 | 8,825 | N/A |
| 11/22/2020 | 172,929 | 4,324 | 6,418 | 9,406 | N/A |
| 8/30/2020 | 166,761 | 4,002 | 6,051 | 8,861 | N/A |
| 5/10/2020 | 160,876 | 3,710 | 3,945 | 6,912 | N/A |
| 2/16/2020 | 158,350 | 3,778 | 4,178 | 7,119 | N/A |
| 11/24/2019 | 154,674 | 3,736 | N/A | 6,281 | N/A |
| 9/1/2019 | 152,703 | 3,659 | N/A | 6,356 | N/A |
| 5/12/2019 | 149,616 | 3,605 | N/A | 5,617 | N/A |
| 2/17/2019 | 147,237 | 3,449 | N/A | 5,617 | N/A |
| 11/25/2018 | 144,836 | 3,261 | N/A | 5,945 | N/A |
| 9/2/2018 | 141,576 | 3,134 | N/A | 5,774 | N/A |
| 5/13/2018 | 139,465 | 3,010 | N/A | 6,054 | N/A |
| 2/18/2018 | 135,964 | 2,960 | N/A | 5,555 | N/A |
| 11/26/2017 | 132,735 | 2,774 | N/A | 5,939 | N/A |
| 9/3/2017 | 129,025 | 2,679 | N/A | 6,726 | N/A |
| 5/7/2017 | 123,285 | 2,539 | N/A | 4,723 | N/A |
| 2/12/2017 | 121,194 | 2,384 | N/A | 4,976 | N/A |
| 11/20/2016 | 119,598 | 2,415 | N/A | 5,274 | N/A |
| 8/28/2016 | 118,719 | 2,350 | N/A | 3,292 | N/A |
| 5/8/2016 | 117,937 | 2,338 | N/A | 4,489 | N/A |
| 2/14/2016 | 117,269 | 2,309 | N/A | 3,859 | N/A |
| 11/22/2015 | 116,553 | 2,361 | N/A | 3,968 | N/A |
| 8/30/2015 | 116,199 | 2,377 | N/A | 4,285 | N/A |
애널리스트 향후 성장 전망
수입 대 저축률: COST 의 연간 예상 수익 증가율(8.7%)이 saving rate(3.5%)보다 높습니다.
수익 vs 시장: COST 의 연간 수익(8.7%)이 US 시장(16.8%)보다 느리게 성장할 것으로 예상됩니다.
고성장 수익: COST 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.
수익 대 시장: COST 의 수익(연간 7%)이 US 시장(연간 11.6%)보다 느리게 성장할 것으로 예상됩니다.
고성장 매출: COST 의 수익(연간 7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.
주당순이익 성장 예측
향후 자기자본이익률
미래 ROE: COST의 자본 수익률은 3년 후 24.3%로 높을 것으로 예상됩니다.
성장 기업 찾아보기
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/20 13:06 |
| 종가 | 2026/05/20 00:00 |
| 수익 | 2026/02/15 |
| 연간 수익 | 2025/08/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
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산업 및 섹터 지표
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분석가 소스
Costco Wholesale Corporation는 62명의 분석가가 다루고 있습니다. 이 중 31명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Christopher Graja | Argus Research Company |
| Peter Benedict | Baird |
| Meredith Adler | Barclays |