What to Expect When Walmart Reports Thursday Morning

May 15, 2019 by Chris Lange

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.

ALSO READ: Despite China Trade Issues, SunTrust Stays Positive on 3 Semiconductor Stocks

Smart Investors Are Quietly Loading Up on These “Dividend Legends”

If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.

Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.

Posted in Retail | Comments Off on What to Expect When Walmart Reports Thursday Morning