Walmart Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Walmart Inc. (NYSE:WMT) is expected to release its Q3 earnings before the market opens on Nov. 16, 2023, with forecasts suggesting an EPS of $1.52, up from $1.50 a year ago, and revenues of $159.55 billion. The company is also planning to open a new fulfillment center in 2026. Ahead of the earnings call, several analysts have revised their ratings and price targets for Walmart, with most maintaining positive outlooks and increasing their price targets.
November 16, 2023 | 6:49 am
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POSITIVE IMPACT
Analysts have revised their forecasts for Walmart with a positive outlook, raising price targets ahead of the Q3 earnings call. The company is also expanding with a new fulfillment center.
The positive revisions by analysts and the expansion plans indicate confidence in Walmart's growth and operational efficiency, which is likely to have a favorable impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100