Why One Analyst Just Upgraded BJ’s Wholesale Club (BJ) Stock to Buy

TLDR

• BJ’s has beaten earnings estimates in each of the last two quarters, with an average surprise of 4.50%
• The company has a positive Earnings ESP of +0.39% and a Zacks Rank #2 (Buy) heading into Q2 earnings on August 21, 2026
• BJ $BJ currently trades at 20 times forward earnings, compared to 42 times for Costco $COST
• Since its 2018 IPO, BJ’s has returned 326%, outpacing the S&P 500 by 100 points
• One analyst sees more than 20% upside from current levels after a recent upgrade to Buy

BJ’s Wholesale Club $BJ heads into its August 21 earnings report with momentum behind it. The stock trades around 20 times forward earnings estimates, less than half the 42 times multiple that Costco $COST commands.

BJ’s Wholesale Club Holdings, Inc., BJ

The company has beaten Wall Street’s earnings estimates in each of the last two quarters. In its most recent report, BJ’s posted earnings of $1.10 per share against a consensus estimate of $1.04, a beat of 5.77%. The quarter before that, it earned $0.96 per share versus an expected $0.93.

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