Walmart Q1 Earnings Preview: Analyst Estimates, 'Everyday Low Price' Model Resonates With Households Across Income Levels
Portfolio Pulse from Chris Katje
Walmart Inc (NYSE:WMT) is set to report its Q1 earnings on May 16, 2024. Analysts expect revenue of $159.52 billion and EPS of 52 cents. Walmart has consistently beaten estimates in the past. Analysts note favorable spending trends and increased shopping intentions at Walmart, especially among lower-income households. Recent analyst ratings are positive, with price targets ranging from $65 to $69. Key items to watch include net sales trends, corporate job cuts, and the performance of Walmart's new private food brand, Bettergoods.
May 15, 2024 | 3:00 pm
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POSITIVE IMPACT
Analysts note increased shopping intentions at Costco, with a 24% rise among consumers earning less than $100,000 a year. Stifel analyst Mark Astrachan prefers Costco over Walmart, giving it a Buy rating.
The increased shopping intentions at Costco, especially among lower-income consumers, and the positive analyst rating suggest a likely positive short-term impact on Costco's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Walmart is expected to report Q1 revenue of $159.52 billion and EPS of 52 cents. Analysts note positive spending trends and increased shopping intentions at Walmart. Recent analyst ratings are positive, with price targets ranging from $65 to $69. Key items to watch include net sales trends, corporate job cuts, and the performance of Walmart's new private food brand, Bettergoods.
Walmart's consistent performance in beating earnings estimates, positive spending trends, and favorable analyst ratings suggest a likely positive short-term impact on the stock price. The launch of the Bettergoods brand and its reception will also be crucial.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100