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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 $141.95, marking a -1.29% move from the previous day. This change lagged the S&P 500's 1.23% loss on the day. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.34%.
Prior to today's trading, shares of the world's largest retailer had gained 5.39% over the past month. This has outpaced the Retail-Wholesale sector's gain of 5.13% and the S&P 500's gain of 5.04% in that time.
Walmart will be looking to display strength as it nears its next earnings release. In that report, analysts expect Walmart to post earnings of $1.47 per share. This would mark a year-over-year decline of 13.02%. Our most recent consensus estimate is calling for quarterly revenue of $138.91 billion, up 0.43% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.77 per share and revenue of $589.53 billion, which would represent changes of +4.8% and +2.93%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Walmart. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Walmart currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Walmart has a Forward P/E ratio of 21.25 right now. Its industry sports an average Forward P/E of 12.25, so we one might conclude that Walmart is trading at a premium comparatively.
It is also worth noting that WMT currently has a PEG ratio of 3.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Supermarkets was holding an average PEG ratio of 1.13 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% 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.
To follow WMT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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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 $141.95, marking a -1.29% move from the previous day. This change lagged the S&P 500's 1.23% loss on the day. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.34%.
Prior to today's trading, shares of the world's largest retailer had gained 5.39% over the past month. This has outpaced the Retail-Wholesale sector's gain of 5.13% and the S&P 500's gain of 5.04% in that time.
Walmart will be looking to display strength as it nears its next earnings release. In that report, analysts expect Walmart to post earnings of $1.47 per share. This would mark a year-over-year decline of 13.02%. Our most recent consensus estimate is calling for quarterly revenue of $138.91 billion, up 0.43% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.77 per share and revenue of $589.53 billion, which would represent changes of +4.8% and +2.93%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Walmart. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Walmart currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Walmart has a Forward P/E ratio of 21.25 right now. Its industry sports an average Forward P/E of 12.25, so we one might conclude that Walmart is trading at a premium comparatively.
It is also worth noting that WMT currently has a PEG ratio of 3.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Supermarkets was holding an average PEG ratio of 1.13 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% 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.
To follow WMT in the coming trading sessions, be sure to utilize Zacks.com.