Walmart Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Walmart Inc. (NYSE:WMT) is set to release its first-quarter earnings before the opening bell on Thursday. Analysts expect earnings of 52 cents per share and revenue of $159.50 billion. Walmart is also reportedly laying off hundreds of corporate employees. Recent analyst ratings include Outperform and Buy ratings with price targets ranging from $59 to $69.
May 16, 2024 | 9:28 am
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Walmart is set to release its Q1 earnings with expected EPS of 52 cents and revenue of $159.50 billion. The company is also laying off hundreds of corporate employees. Analysts have mixed ratings with price targets ranging from $59 to $69.
The upcoming earnings report and the mixed analyst ratings suggest a potential positive short-term impact on Walmart's stock price. The expected increase in EPS and revenue, along with the recent analyst ratings, indicate investor confidence. However, the news of layoffs could have a negative sentiment, slightly offsetting the positive earnings expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100