Earnings Preview: Walmart
Portfolio Pulse from Benzinga Insights
Walmart (NYSE:WMT) is set to release its latest quarterly earnings report on August 17, 2023. Analysts estimate an earnings per share (EPS) of $1.70. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. Walmart's shares were trading at $159.18 as of August 15, with a 15.35% increase over the last 52-week period.
August 16, 2023 | 2:00 pm
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NEUTRAL IMPACT
Walmart's upcoming earnings report could impact its stock price. Despite consistently beating EPS estimates, the share price has sometimes dropped post-announcement. However, the stock has seen a 15.35% increase over the last 52 weeks.
Walmart's earnings report is a key event that could influence its stock price. While the company has a history of beating EPS estimates, this has not always led to a rise in share price. However, the overall positive trend in the stock's performance over the past year suggests investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100