Costco Stock May Be Expensive, But It’s Worth It, Analyst Says

Costco Wholesale (COST) is scheduled to report fiscal third-quarter earnings on Thursday, and Baird expects the discount to register another solid quarter, led by the strength of its ongoing core business that helps justify its premium valuation.

The back story. Costco's shares rose almost 22% in 2019 after a 25% increase in the final 12-month period. Although there were a couple of setbacks at the beginning of the year, Costco easily overcame the weakness of the market at the end of 2018 to resume its superior performance.

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