<p>Costco 将在周四股市收盘后公布季度财报。</p>
<p><em>这家知名的批发商预计将宣布每股收益为 5.08 美元，营收为 800.3 亿美元。</em></p>
<p><em>这两个数据较上一季度的结果大幅上升，上一季度的数据分别为每股收益 3.78 美元和营收 585.2 亿美元。</em></p>
<p><em>关于增加会员费的信息可能会成为本次财报电话会议的焦点。</em></p>
<h2>Costco 财报预览</h2>
<p>留待公布季度财报的少数家庭公司之一是 <strong>Costco</strong>（COST）。周四股市收盘后，将公布季度财报，投资者寄予厚望。</p>
<p>预计 Costco 将公布每股收益为 5.08 美元，营收为 800.3 亿美元，较仅一个季度前的每股收益 3.78 美元和营收 585.2 亿美元有所增长。在 7 月宣布每股 1.16 美元的股息后，Costco 还宣布会员费将上调。</p>
<p>以下是新闻稿的摘录：“公司还宣布，自 9 月 1 日起，将为美国和加拿大的金星（个人）、商业和商业附加会员的年度会员费提高 5 美元。随着此次调整，所有...将支付 65 美元的年度会费。自 9 月 1 日起，美国和加拿大高管会员的年度会费将从 120 美元增加到 130 美元（65 美元的主要会员费加上 65 美元的高管升级费），高管会员关联的最大年度 2% 奖励将从 1000 美元增加到 1250 美元。会费调整将影响约 5200 万会员，其中一半多一点是高管会员。”</p>
<p>有趣的是，要看看增加的会费如何在今年剩下的时间以及 2025 年的预测中发挥作用，本季度盈利预期大幅增长。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA"/></p>
<p>COST 股票在 2024 年表现出色，年初开盘价为 655.58 美元，今天围绕 900 美元每股徘徊，接近年内高点。在 8 月初市场大幅抛售时，Costco 股价上涨。在消费者在波动时期寻求削减成本时，它可能被视为投资者的避风港。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA"/></p>
<p>Costco 今年上涨超过 37%，接近历史高位。隐含波动性相对于其他已经发布财报的热门股票符号较低。观察本周预期的股价波动，我们可以看到未来几天的预期股价波动为 +/- 35.10 美元。</p>
<p>这超过了股价名义价值的 3%，考虑到大多数热门股票的盈利范围在 5%-10% 之间。展望年底，我们可以看到预期的股价波动为 +/- 95.41 美元，计入 2025 年 1 月到期周期，这意味着本次财报仅占到了年底预期股价波动的三分之一。</p>
<h2><strong>对 Costco 的财报持乐观态度</strong></h2>
<p>对 Costco 的财报持乐观态度的参与者可能会期待像股票分拆这样的意外公告，配合上超出预期盈利的财报。今年我们已经看到像 <strong>MicroStrategy</strong>（MSTR）、<strong>NVIDIA</strong>（NVDA）、<strong>Chipotle</strong>（CMG）和 <strong>Broadcom</strong>（AVGO）这样的热门公司进行了股票分拆。虽然乐观的行情并不总是跟随着分拆，但它确实吸引了人们对股票的关注。随着 Costco 接近历史高位，如果我们期待股价周五早上开盘较高，他们需要发布强劲的财报。</p>
<h2><strong>对 Costco 的财报持悲观态度</strong></h2>
<p>持悲观态度的 Costco 看跌者期待财报未达预期，也许在价格上涨后会有会员表现的抑制。价格上涨会阻止会员继续他们的会员资格吗？任何负面数据都可能导致股价周五早上的看跌。</p>
<p><strong>Mike Butler</strong>，<em>tastylive 市场情报总监，已在市场和交易领域工作了十年。他出现在</em> <em>Options Trading Concepts Live</em> <em>，每周一至周五播出。@tradermikeyb</em></p>
<p><strong>获取实时每日节目、市场新闻和评论</strong> <em>，请访问</em> <em>tastylive</em> <em>或 YouTube 频道</em> <em>tastylive</em> <em>（供期权交易者使用），以及</em> <em>tastyliveTrending</em> _（供股票、期货、外汇和宏观交易者使用）。</p>
<p><strong>与更好的经纪人交易</strong> <em>，</em> <em>立即开设 tastytrade 账户。tastylive, Inc.和 tastytrade, Inc.是独立但关联的公司。</em></p>

开市客

<p>开市客将在周四收盘后公布季度财报，预计每股收益为 3.08 美元，营收达到 540.3 亿美元，较上一季度显著增长。增加的会员费将是关注重点，影响约 5200 万会员。开市客股价今年已上涨超过 37%，接近历史最高水平，财报公布前隐含波动率较低。投资者正在猜测可能会有股票分拆的公告，同时也担忧会员费增加对会员留存的影响</p>

<h2>Costco will report quarterly earnings after the stock market closes on Thursday.</h2>
<ul>
<li></li>
</ul>
<div class="lb-trans"><p>Costco 将在周四股市收盘后公布季度财报。</p>
</div><h2><em>The popular wholesaler is expected to announce earnings-per-share of $5.08 on $80.03 billion in revenue.</em></h2>
<div class="lb-trans"><p><em>这家知名的批发商预计将宣布每股收益为 5.08 美元，营收为 800.3 亿美元。</em></p>
</div><h2><em>Both estimates are way up from last quarter's results, which were $3.78 and $58.52 billion, respectively.</em></h2>
<div class="lb-trans"><p><em>这两个数据较上一季度的结果大幅上升，上一季度的数据分别为每股收益 3.78 美元和营收 585.2 亿美元。</em></p>
</div><p><em>Information regarding increased membership fees will likely be a focal point for this earnings call.</em></p>
<div class="lb-trans"><p><em>关于增加会员费的信息可能会成为本次财报电话会议的焦点。</em></p>
</div><h2><strong>Costco Earnings Preview</strong></h2>
<div class="lb-trans"><h2>Costco 财报预览</h2>
</div><p>One of the few household company names left to release quarterly earnings is <strong>Costco</strong> (COST). On Thursday after the market closes, quarterly earnings will be released, and investors have great expectations.</p>
<div class="lb-trans"><p>留待公布季度财报的少数家庭公司之一是 <strong>Costco</strong>（COST）。周四股市收盘后，将公布季度财报，投资者寄予厚望。</p>
</div><p>Costco is expected to report an earnings-per-share (EPS) of $5.08 on $80.03 billion in revenue, up from EPS of $3.78 on $58.52 billion in revenue just a quarter ago. After announcing a $1.16 dividend in July, Costco also announced membership fees are going up.</p>
<div class="lb-trans"><p>预计 Costco 将公布每股收益为 5.08 美元，营收为 800.3 亿美元，较仅一个季度前的每股收益 3.78 美元和营收 585.2 亿美元有所增长。在 7 月宣布每股 1.16 美元的股息后，Costco 还宣布会员费将上调。</p>
</div><p>Here’s an excerpt from the press release: &#34;The company also announced that, effective Sept. 1, it will increase annual membership fees by $5 for U.S. and Canada Gold Star (individual), business, and business add-on members. With this increase, all ... will pay an annual fee of $65. Also effective September 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 (Primary membership of $65, plus the Executive upgrade of $65), and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250. The fee increases will impact around 52 million memberships, a little over half of which are Executive.&#34;</p>
<div class="lb-trans"><p>以下是新闻稿的摘录：“公司还宣布，自 9 月 1 日起，将为美国和加拿大的金星（个人）、商业和商业附加会员的年度会员费提高 5 美元。随着此次调整，所有...将支付 65 美元的年度会费。自 9 月 1 日起，美国和加拿大高管会员的年度会费将从 120 美元增加到 130 美元（65 美元的主要会员费加上 65 美元的高管升级费），高管会员关联的最大年度 2% 奖励将从 1000 美元增加到 1250 美元。会费调整将影响约 5200 万会员，其中一半多一点是高管会员。”</p>
</div><p>It will be interesting to see how increased fees may play a role in forecasting for the rest of the year and into 2025, with such a sharp increase in earnings estimates this quarter.</p>
<div class="lb-trans"><p>有趣的是，要看看增加的会费如何在今年剩下的时间以及 2025 年的预测中发挥作用，本季度盈利预期大幅增长。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA" alt="" original-src="https://images.contentstack.io/v3/assets/blt40263f25ec36953f/bltbbade015761f6a73/66f32c03f82be1a9867f7880/COST_YTD_924.png?format=pjpg&amp;auto=webp&amp;quality=50&amp;width=1000&amp;disable=upscale"/></p>
<p>COST stock has had a stellar 2024, opening the year at $655.58, and its hovering around $900 per share today—near the highs of the year. When the markets were selling off aggressively in early August, Costco's stock price was moving to the upside. It could be seen as a safe haven for investors when consumers are looking to cut costs in volatile times.</p>
<div class="lb-trans"><p>COST 股票在 2024 年表现出色，年初开盘价为 655.58 美元，今天围绕 900 美元每股徘徊，接近年内高点。在 8 月初市场大幅抛售时，Costco 股价上涨。在消费者在波动时期寻求削减成本时，它可能被视为投资者的避风港。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png/query-YXV0bz13ZWJwJmRpc2FibGU9dXBzY2FsZSZmb3JtYXQ9cGpwZyZxdWFsaXR5PTUwJndpZHRoPTEwMDA" alt="" original-src="https://images.contentstack.io/v3/assets/blt40263f25ec36953f/blt21e29bd9b49115d0/66f32c035d63981adf23706d/COST_EM_924.png?format=pjpg&amp;auto=webp&amp;quality=50&amp;width=1000&amp;disable=upscale"/></p>
<p>Costco is up over 37% on the year, sitting close to all time highs. The implied volatility is relatively low compared to other popular ticker symbols that have already released earnings. Looking at the expected stock price move this week, we can see a +/- $35.10 implied move for the next few days.</p>
<div class="lb-trans"><p>Costco 今年上涨超过 37%，接近历史高位。隐含波动性相对于其他已经发布财报的热门股票符号较低。观察本周预期的股价波动，我们可以看到未来几天的预期股价波动为 +/- 35.10 美元。</p>
</div><p>This is just over 3% of the notional value of the stock price, which is very low considering most popular stocks land in the 5%-10% range for earnings. Looking to the end of the year, we can see a +/- $95.41 expected stock price move priced into the January 2025 expiration cycle, which means this earnings report accounts for just over a third of the expected stock price move through the end of the year.</p>
<div class="lb-trans"><p>这超过了股价名义价值的 3%，考虑到大多数热门股票的盈利范围在 5%-10% 之间。展望年底，我们可以看到预期的股价波动为 +/- 95.41 美元，计入 2025 年 1 月到期周期，这意味着本次财报仅占到了年底预期股价波动的三分之一。</p>
</div><h2><strong>Bullish on Costco for earnings</strong></h2>
<div class="lb-trans"><h2><strong>对 Costco 的财报持乐观态度</strong></h2>
</div><p>Earnings participants who are bullish on Costco for earnings may be looking for a surprise announcement like a stock split, paired with an earnings beat on elevated earnings expectations. We've seen popular names like <strong>MicroStrategy</strong> (MSTR), <strong>NVIDIA</strong> (NVDA), <strong>Chipotle</strong> (CMG) and <strong>Broadcom</strong> (AVGO) split this year. And while a bullish run doesn't always follow a split, it certainly draws attention to the stock. With Costco near all-time highs, they'll need to post a strong earnings report if we're to expect the stock price will open higher on Friday morning.</p>
<div class="lb-trans"><p>对 Costco 的财报持乐观态度的参与者可能会期待像股票分拆这样的意外公告，配合上超出预期盈利的财报。今年我们已经看到像 <strong>MicroStrategy</strong>（MSTR）、<strong>NVIDIA</strong>（NVDA）、<strong>Chipotle</strong>（CMG）和 <strong>Broadcom</strong>（AVGO）这样的热门公司进行了股票分拆。虽然乐观的行情并不总是跟随着分拆，但它确实吸引了人们对股票的关注。随着 Costco 接近历史高位，如果我们期待股价周五早上开盘较高，他们需要发布强劲的财报。</p>
</div><h2><strong>Bearish on Costco for earnings</strong></h2>
<div class="lb-trans"><h2><strong>对 Costco 的财报持悲观态度</strong></h2>
</div><p>Costco bears are looking for an earnings miss, and maybe a temperance of membership performance after the price hike. Could the price hike deter members from continuing their memberships? Any sort of negative data could result in a bearish move in the stock price on Friday morning.</p>
<div class="lb-trans"><p>持悲观态度的 Costco 看跌者期待财报未达预期，也许在价格上涨后会有会员表现的抑制。价格上涨会阻止会员继续他们的会员资格吗？任何负面数据都可能导致股价周五早上的看跌。</p>
</div><p><strong>Mike Butler</strong>, <em>tastylive director of market intelligence, has been in the markets and trading for a decade. He appears on</em> <em>Options Trading Concepts Live</em> <em>, airing Monday-Friday. @tradermikeyb</em></p>
<div class="lb-trans"><p><strong>Mike Butler</strong>，<em>tastylive 市场情报总监，已在市场和交易领域工作了十年。他出现在</em> <em>Options Trading Concepts Live</em> <em>，每周一至周五播出。@tradermikeyb</em></p>
</div><p><strong>For live daily programming, market news and commentary</strong> <em>, visit</em> <em>tastylive</em> <em>or the YouTube channels</em> <em>tastylive</em> <em>(for options traders), and</em> <em>tastyliveTrending</em> <em>for stocks, futures, forex &amp; macro.</em></p>
<div class="lb-trans"><p><strong>获取实时每日节目、市场新闻和评论</strong> <em>，请访问</em> <em>tastylive</em> <em>或 YouTube 频道</em> <em>tastylive</em> <em>（供期权交易者使用），以及</em> <em>tastyliveTrending</em> _（供股票、期货、外汇和宏观交易者使用）。</p>
</div><p><strong>Trade with a better broker</strong> <em>,</em> <em>open a tastytrade account</em> <em>today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.</em></p>
<div class="lb-trans"><p><strong>与更好的经纪人交易</strong> <em>，</em> <em>立即开设 tastytrade 账户。tastylive, Inc.和 tastytrade, Inc.是独立但关联的公司。</em></p>
</div>

对开市客收益的预期很高——股票分割即将到来？