Walmart stock traded at $4132.05 as of 10:57 AM EDT on Wednesday.
At the close of the market on Tuesday, Walmart stock (NYSE:WMT) traded at $130.95, down 0.27 percent from the previous day lagging behind the S&P 500’s 0.2% daily loss. Dow fell 0.43 percent, while tech-heavy Nasdaq rose 0.01%. Before today’s trade, Walmart Stock had been down 1.18 percent. This is less than the Retail-Wholesale sector loss of -9.13% and the S&P 500’s 9.7% loss.
Walmart (NYSE:WMT) will try to show strength before its next earnings report. Walmart is expected to post $1.31 per share in earnings on that date, a 9.66% year-over-year fall. Our latest consensus estimate calls for $147.24 billion in revenue, up 4.78 percent year-over-year. WMT’s full-year Zacks Consensus Estimates are $5.84 per share and $600.2 billion. These values are at -9.6% and +4.79% year-over-year. Investors should also observe changes to Walmart analyst estimates.
Walmart Stock Forecast
Recent changes reflect short-term commercial trends. Positive estimate revisions indicate optimism about the company’s future. According to research, estimate revisions affect near-term share price momentum. Using Zacks Rank, investors can profit. This model incorporates estimate changes and offers a simple scoring system.
#1 (Strong Buy) to #5 (Hold) are Zacks Ranks (Strong Sell). #1 stocks have returned +25% annually since 1988, according to an outside audit. The Zacks Consensus EPS forecast rose 0.1% last month. Zacks Rank #3 Walmart (Hold).
Walmart’s Forward P/E is 22.48. Walmart’s (NYSE:WMT) industry has a Forward P/E of 11.14, suggesting it’s trading at a premium. WMT’s PEG ratio is 4.09. This statistic is comparable to the P/E ratio, except it additionally considers earnings growth. Yesterday’s closure for WMT’s industry was 1.61.
Supermarkets fall under Retail-Wholesale. This category ranks 76 out of 250+ industries, in the top 31%. The Zacks Industry Rank measures the average Zacks Rank of companies within each industry category. The top 50% rated industries outperform the bottom 50% by a ratio of 2.
Featured Image- Megapixl @ Deanpictures
Author Jowi Kwasu