--- title: "Costco (COST) Doesn't Need a Blowout Q3. Steady Renewals May Be Enough" type: "News" locale: "en" url: "https://longbridge.com/en/news/287034427.md" description: "Costco (COST) is expected to report Fiscal Q3 earnings on May 28. Analysts believe that a strong quarter isn't necessary to maintain investor confidence, as the company's membership-fee model shows resilience. Recent trends indicate that worldwide renewal rates may have stabilized, which could support steady earnings growth. Despite the stock's high valuation, the outlook remains positive." datetime: "2026-05-20T08:43:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287034427.md) - [en](https://longbridge.com/en/news/287034427.md) - [zh-HK](https://longbridge.com/zh-HK/news/287034427.md) --- # Costco (COST) Doesn't Need a Blowout Q3. Steady Renewals May Be Enough Costco Wholesale (COST) is set to report Fiscal Q3 earnings after the closing bell on May 28, but I do not think the company needs a spectacular quarter to keep investors confident in the story. To be fair, while Costco shares have rebounded so far in 2026, the stock is once again trading at a very demanding valuation. However, I believe the current price-to-earnings multiple still appears supported by the resilience of the company's membership-fee model. ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks That is why renewal trends matter so much this quarter. After a period of volatility, the last two quarters suggest worldwide renewal rates may have already stabilized. If that continues in Q3, I believe it would reinforce confidence in the membership-based warehouse club's ability to keep generating steady, high-quality earnings growth. That is why I remain bullish on COST despite the demanding valuation. ### Related Stocks - [COST.US](https://longbridge.com/en/quote/COST.US.md) - [COTG.US](https://longbridge.com/en/quote/COTG.US.md) ## Related News & Research - [Is Costco Wholesale (COST) Priced Too High After Strong Multi Year Share Price Gains](https://longbridge.com/en/news/286628683.md) - [Costco Stock (COST) Hits 52-Week High as Company Raises Dividend 13%](https://longbridge.com/en/news/286793057.md) - [Why Analysts Are Backing Costco into Q3 despite Debate over COST Stock](https://longbridge.com/en/news/287094148.md) - [Costco urges US judge to reject consumer class action over tariff refunds](https://longbridge.com/en/news/286928449.md) - [Costco Wholesale Corporation $COST Shares Acquired by Larson Financial Group LLC](https://longbridge.com/en/news/286897506.md)