What to Expect When Walmart Reports Thursday Morning
Walmart Inc. (NYSE: WMT) is scheduled to release its most recent quarterly results before the markets open on Thursday. The consensus estimates are $1.02 in earnings per share (EPS) and $125.03 billion in revenue for the fiscal first quarter. The same period of last year reportedly had EPS of $1.14 on $122.69 billion in revenue.
Earlier this week, Walmart announced that it will start to offer free next-day delivery in three cities. The plan allows customers who order from Walmart.com to get the service, though orders have to total over $35.
Also, the company said that it is getting into the cattle business. Walmart announced a calf-to-steak supply chain for Angus beef that Walmart says will meet customer demands for quality beef and a more transparent supply chain.
Not to mention, Drew Barrymore is partnering up with Walmart to launch a collection of furniture and décor. The world’s largest retailer has gambled that her “brand” will sell products beyond inexpensive merchandise and groceries.
Overall, Walmart has underperformed the broad markets, even though its shares are up about 9% year to date. In the past 52 weeks, the stock is actually up about 20%.
A few analysts weighed in on Walmart ahead of the report:
- Sanford Bernstein has an Outperform rating.
- Wolfe Research has an Underperform rating.
- Citigroup has a Buy rating with a $115 price target.
- BMO Capital Markets has a Buy rating and a $115 target.
Shares of Walmart were last seen at $99.70, in a 52-week range of $81.78 to $106.21. The consensus price target is $108.47.