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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 $154.29, marking a -1.98% move from the previous day. This change lagged the S&P 500's 1.69% loss on the day. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq gained 0.14%.
Coming into today, shares of the world's largest retailer had gained 10.8% in the past month. In that same time, the Retail-Wholesale sector gained 8.49%, while the S&P 500 gained 7.88%.
Investors will be hoping for strength from Walmart as it approaches its next earnings release. The company is expected to report EPS of $1.47, down 13.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $138.12 billion, down 0.14% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.77 per share and revenue of $589.42 billion. These totals would mark changes of +4.8% and +2.91%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Walmart. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant 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 23.26 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.72.
Also, we should mention that WMT has a PEG ratio of 4.23. 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 1.18 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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 $154.29, marking a -1.98% move from the previous day. This change lagged the S&P 500's 1.69% loss on the day. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq gained 0.14%.
Coming into today, shares of the world's largest retailer had gained 10.8% in the past month. In that same time, the Retail-Wholesale sector gained 8.49%, while the S&P 500 gained 7.88%.
Investors will be hoping for strength from Walmart as it approaches its next earnings release. The company is expected to report EPS of $1.47, down 13.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $138.12 billion, down 0.14% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.77 per share and revenue of $589.42 billion. These totals would mark changes of +4.8% and +2.91%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Walmart. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant 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 23.26 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.72.
Also, we should mention that WMT has a PEG ratio of 4.23. 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 1.18 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.