Costco Wholesale Corporation (NASDAQ:COST) is going to report its Q4 results on Sept 23. Analysts at Oppenheimer expect limited earnings upside and believe that the robust and accelerating comp trends reported in recent months are now reflected in share price following the recent outperformance.

Looking forward, the brokerage projects market share gains, inflation benefits, prospects for another special dividend, and a potential membership fee increase next year to help fuel the next leg higher for shares.

Oppenheimer increased its Q4 EPS estimate to $3.55, in line with the consensus estimate of $3.55, maintaining their full 2022 and 2023-year estimates as it keeps conservatism around cost headwinds.