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Walmart (WMT) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Walmart (WMT - Free Report) closed at $138.83, marking a -1.43% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Meanwhile, the Dow lost 0.76%, and the Nasdaq, a tech-heavy index, lost 10.92%.
Heading into today, shares of the world's largest retailer had lost 2.99% over the past month, lagging the Retail-Wholesale sector's gain of 5.54% and the S&P 500's gain of 2.18% in that time.
Wall Street will be looking for positivity from Walmart as it approaches its next earnings report date. This is expected to be February 21, 2023. In that report, analysts expect Walmart to post earnings of $1.50 per share. This would mark a year-over-year decline of 1.96%. Our most recent consensus estimate is calling for quarterly revenue of $158.81 billion, up 3.88% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.08 per share and revenue of $605.64 billion. These totals would mark changes of -5.88% and +5.74%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Walmart. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges 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 month, the Zacks Consensus EPS estimate remained stagnant. Walmart currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Walmart is holding a Forward P/E ratio of 23.18. This represents a premium compared to its industry's average Forward P/E of 12.
It is also worth noting that WMT currently has a PEG ratio of 4.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Supermarkets industry currently had an average PEG ratio of 2.26 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Walmart (WMT) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Walmart (WMT - Free Report) closed at $138.83, marking a -1.43% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Meanwhile, the Dow lost 0.76%, and the Nasdaq, a tech-heavy index, lost 10.92%.
Heading into today, shares of the world's largest retailer had lost 2.99% over the past month, lagging the Retail-Wholesale sector's gain of 5.54% and the S&P 500's gain of 2.18% in that time.
Wall Street will be looking for positivity from Walmart as it approaches its next earnings report date. This is expected to be February 21, 2023. In that report, analysts expect Walmart to post earnings of $1.50 per share. This would mark a year-over-year decline of 1.96%. Our most recent consensus estimate is calling for quarterly revenue of $158.81 billion, up 3.88% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.08 per share and revenue of $605.64 billion. These totals would mark changes of -5.88% and +5.74%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Walmart. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges 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 month, the Zacks Consensus EPS estimate remained stagnant. Walmart currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Walmart is holding a Forward P/E ratio of 23.18. This represents a premium compared to its industry's average Forward P/E of 12.
It is also worth noting that WMT currently has a PEG ratio of 4.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Supermarkets industry currently had an average PEG ratio of 2.26 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.