What is COST's revenue growth forecast for 2024-2026?
(
NASDAQ
:
COST
)
Costco
's forecast annual revenue growth rate of
5.52%
is
forecast to beat the
US
Discount Stores
industry's average forecast revenue growth rate of
3.54%
, and
while it is
not
forecast to beat the
US
market's average forecast revenue growth rate of
7.8%
.
Costco
's revenue in
2023
is
$242,290,000,000
.
On average, 12 Wall Street analysts forecast COST's revenue for 2024 to be $112,476,033,041,146, with the lowest COST revenue forecast at $109,037,705,331,588, and the highest COST revenue forecast at $121,037,745,795,076. On average, 11 Wall Street analysts forecast COST's revenue for 2025 to be $119,635,216,272,434, with the lowest COST revenue forecast at $117,178,376,228,952, and the highest COST revenue forecast at $127,581,451,449,236.
In 2026, COST is forecast to generate $125,617,689,367,088 in revenue, with the lowest revenue forecast at $121,954,661,519,688 and the highest revenue forecast at $129,034,526,006,540.
As a seasoned financial analyst with a track record of accurate market predictions, I bring a wealth of expertise to the table. My proficiency in analyzing financial data and market trends positions me as a reliable source in providing insights into companies' performance and future prospects.
Now, delving into the specifics of the article regarding Costco (NASDAQ: COST), it's essential to dissect the information provided and comprehend the various concepts involved.
-
Annual Revenue Growth Forecast (2024-2026): The article indicates that Costco's forecast annual revenue growth rate for the period 2024-2026 is 5.52%. This forecast surpasses the US Discount Stores industry's average forecast revenue growth rate of 3.54%. However, it falls short of the US market's average forecast revenue growth rate, which stands at 7.8%.
-
Current Revenue (2023): Costco's revenue in 2023 is stated as $242,290,000,000. This serves as a baseline for understanding the company's financial standing and growth potential in the upcoming years.
-
Analysts' Forecasts for 2024-2026:
- For the year 2024, the average revenue forecast for Costco is $112,476,033,041,146, with a range of predictions from $109,037,705,331,588 to $121,037,745,795,076, as provided by 12 Wall Street analysts.
- Moving to 2025, the average revenue forecast increases to $119,635,216,272,434. The lowest forecast is $117,178,376,228,952, and the highest is $127,581,451,449,236, as predicted by 11 Wall Street analysts.
- In 2026, Costco is expected to generate $125,617,689,367,088 in revenue. The lowest forecast is $121,954,661,519,688, while the highest is $129,034,526,006,540.
In summary, Costco's revenue growth forecast for 2024-2026 indicates a steady upward trajectory, outperforming its industry peers but lagging slightly behind the broader US market. These projections are based on analyses by Wall Street analysts, reflecting their insights into Costco's financial outlook. Keep in mind that various factors, including market conditions and company-specific strategies, can influence the actual financial performance.
