Sirius XM Radio Inc (SIRI), Costco Wholesale Corporation (COST): Three Predictions for Next Week

3. Costco Wholesale Corporation (NASDAQ:COST) will beat Wall Street’s earnings estimates
Some stocks are just flat out better than others.

Costco Wholesale Corporation (NASDAQ:COST) is the market darling when it comes to warehouse clubs. Despite the retirement of its longtime CEO, the bargain-minded retailer hasn’t skipped a beat.

Another thing it does is make analysts look like perpetual underachievers. If analysts say the company posted a profit of $1.03 a share in its latest quarter, I’ll whip out a “greater than” sign. History’s on my side!

One of my best tricks to beating the market is finding stocks that perpetually land ahead of the prognosticators. Let’s go over the past year of earnings reports.

Source: Thomson Reuters.

Things can change, of course. Costco Wholesale Corporation (NASDAQ:COST) increased its annual membership fees in late 2011, and customers accepted the 10% increase, but you never know about the flexibility of shopper loyalty. Traditional grocers and discount department-store chains have also moved to offering more bulk-sized bargains.

However, it’s hard to argue against the trend. Everything seems to be falling into place for another market-thumping quarter on the bottom line.

Three for the road
Well, there are three predictions right there. Let’s see how I fare this week.

The article 3 Predictions for Next Week originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Costco and PetSmart and owns shares of Costco.

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