Walmart (WMT) ended the most recent trading day at $161.54, moving +0.07% from the previous trading session. The stock outperformed the S&P 500 index, which fell 1.34% for the day. Elsewhere, the Dow fell 0.98% and the tech-heavy Nasdaq fell 1.62%.
Prior to today’s trading, shares of the world’s largest retailer had fallen 1.2% over the past month. This was narrower than the Retail/Wholesale sector’s 4.5% loss and the S&P 500’s 1.57% loss at that time.
Market participants will be closely monitoring Walmart’s financial results that will be announced in the future. The company is scheduled to announce its financial results on November 16, 2023. In that report, analysts expect Walmart to post earnings of $1.50 per share. This means that there will be no growth from the same period last year. Our latest consensus estimate is calling for quarterly revenue of $158.85 billion, up 3.95% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.43 per share and revenue of $641.65 billion, which would represent changes of +2.23% and +4.97%, respectively, from the prior year.
Investors should also pay attention to the latest changes in analyst estimates for Walmart. These latest adjustments often reflect changes in short-term business patterns. As such, positive estimate revisions indicate analyst confidence in the company’s business performance and earnings potential.
Empirical research shows that these estimate revisions are directly correlated with impending stock movements. Investors can take advantage of this by using the Zacks Rank. This model takes these estimate changes into account and provides a simple and practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. . Over the past 30 days, our consensus EPS estimate has moved 0.01% higher. Walmart currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Walmart is currently trading at a Forward P/E ratio of 25.09. This represents a premium compared to its industry’s average Forward P/E of 11.74.
It is also important to note that WMT is currently trading with a PEG ratio of 3.81. The PEG ratio is similar to the frequently used P/E ratio, but this parameter also includes a company’s expected earnings growth trajectory. As of yesterday’s close, the average PEG ratio for the WMT industry was 1.2.
The Retail-Supermarket industry is part of the Retail-Wholesale sector. Its current Zacks Industry Rank of 182 puts this industry in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Track all of these stock price movement metrics and more with Zacks.com in the coming trading sessions.
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