Walmart Q3 Outlook: Revenue $164.58B-$166.17B Vs. $167.11B Estimate, Adj. EPS $0.51-$0.52 Vs. $0.55 Estimate
Portfolio Pulse from Benzinga Newsdesk
Walmart's Q3 outlook reveals revenue projections between $164.58B and $166.17B, falling short of the $167.11B estimate. Adjusted EPS is expected to be $0.51-$0.52, below the $0.55 estimate. Consolidated net sales are projected to increase by 3.25% to 4.25%, and operating income by 3.0% to 4.5%.
August 15, 2024 | 11:03 am
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NEGATIVE IMPACT
Walmart's Q3 revenue and adjusted EPS projections fall short of analyst estimates, which may negatively impact the stock price in the short term. However, the company expects modest growth in net sales and operating income.
The revenue and EPS projections falling short of estimates are likely to cause a negative reaction in the stock price. However, the expected growth in net sales and operating income may provide some support.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100