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Wal-Mart Stores, Inc. (WMT - Free Report) , the operator of discount stores, supermarkets and hypermarkets, came out with its third-quarter fiscal 2018 results, wherein earnings of $1.00 per share beat the Zacks Consensus Estimate of 97 cents, and increased couple of cents from prior-year quarter figure of 98 cents.
Management envisions fiscal 2018 earnings per share in the band of $4.38-$4.46. The current Zacks Consensus Estimate for the fiscal year stands at $4.38.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has improved by a penny in the past 7 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 2%.
Revenues: Wal-Mart generated total revenue of $123.2 billion that grew 4.2% year over year and also came ahead of the Zacks Consensus Estimate of $121.1 billion. Walmart U.S. comparable sales (excluding fuel) rose 2.7%, while traffic jumped 1.5%.U.S. e-commerce sales surged 50%. Management expects fourth quarter Walmart U.S. comparable sales (excluding fuel) to increase in the range of 1.5-2%.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Zacks Rank: Currently, Wal-Mart carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Wal-Mart’s shares are up 4.4% during pre-market trading hours following the company’s results.
Check back later for our full write up on Wal-Mart’s earnings report!
Zacks’ Best Private Investment Ideas
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Wal-Mart (WMT) Q3 Earnings & Sales Beat Zacks Consensus
Wal-Mart Stores, Inc. (WMT - Free Report) , the operator of discount stores, supermarkets and hypermarkets, came out with its third-quarter fiscal 2018 results, wherein earnings of $1.00 per share beat the Zacks Consensus Estimate of 97 cents, and increased couple of cents from prior-year quarter figure of 98 cents.
Management envisions fiscal 2018 earnings per share in the band of $4.38-$4.46. The current Zacks Consensus Estimate for the fiscal year stands at $4.38.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has improved by a penny in the past 7 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 2%.
Revenues: Wal-Mart generated total revenue of $123.2 billion that grew 4.2% year over year and also came ahead of the Zacks Consensus Estimate of $121.1 billion. Walmart U.S. comparable sales (excluding fuel) rose 2.7%, while traffic jumped 1.5%. U.S. e-commerce sales surged 50%. Management expects fourth quarter Walmart U.S. comparable sales (excluding fuel) to increase in the range of 1.5-2%.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote
Zacks Rank: Currently, Wal-Mart carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Wal-Mart’s shares are up 4.4% during pre-market trading hours following the company’s results.
Check back later for our full write up on Wal-Mart’s earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>