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BUZZ-PriceSmart climbs after Q3 earnings beat
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BUZZ-PriceSmart climbs after Q3 earnings beat

** Shares of PriceSmart PSMT.O up 4.8% premarket to $82.04 after warehouse club chain's fiscal Q3 earnings top consensus

** San Diego-based firm late Weds posted adj EPS for qtr ended-May of $1.08, above Street view of $1.01, per LSEG

** Rev in qtr grew 12% to $1.23 bln, in-line with analysts' estimate of $1.21 bln

** Jefferies reiterates "buy", boosts PT by $2 to $92, calling PSMT a top pick in LatAm SMIDs (small and mid-cap)

** PSMT is a resilient compounder growing revenues at 10% CAGR in US$ over the past five years, with high single digit same-store-sales growth, Jefferies says in

** Through Weds, PSMT shares up 4.6% YTD


(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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