We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Walmart (WMT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Walmart (WMT - Free Report) reported $161.63 billion in revenue for the quarter ended July 2023, representing a year-over-year increase of 5.7%. EPS of $1.84 for the same period compares to $1.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $159.82 billion, representing a surprise of +1.13%. The company delivered an EPS surprise of +8.88%, with the consensus EPS estimate being $1.69.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Walmart performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
U.S. comparable store sales (YoY change) - Walmart U.S. - Without Fuel Impact: 6.4% compared to the 3.96% average estimate based on nine analysts.
U.S. comparable store sales (YoY change) - Sam's Club - With Fuel Impact: -0.2% versus 3.69% estimated by nine analysts on average.
U.S. comparable store sales (YoY change) - Walmart U.S. - With Fuel Impact: 6.1% versus 3.77% estimated by eight analysts on average.
U.S. comparable store sales (YoY change) - Sam's Club - Without Fuel Impact: 5.5% compared to the 5.91% average estimate based on eight analysts.
Reported Sales Growth (YoY change) - Walmart International: 13.3% versus 7.89% estimated by six analysts on average.
U.S. comparable store sales (YoY change) - Total U.S. - Without Fuel Impact: 6.3% versus the five-analyst average estimate of 4.47%.
Net square footage - Sam's Club: 80.2 Msq ft compared to the 80.26 Msq ft average estimate based on four analysts.
Revenues- Membership and other income: $1.35 billion versus $1.44 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -8.5% change.
Revenues- Net Sales: $160.28 billion versus the 10-analyst average estimate of $158.04 billion. The reported number represents a year-over-year change of +5.9%.
Net Sales- Walmart International: $27.60 billion compared to the $26.23 billion average estimate based on nine analysts. The reported number represents a change of +13.3% year over year.
Net Sales- Walmart U.S. $110.85 billion compared to the $108.98 billion average estimate based on nine analysts. The reported number represents a change of +5.4% year over year.
Net Sales- Sam's Club: $21.83 billion compared to the $22.92 billion average estimate based on nine analysts. The reported number represents a change of -0.3% year over year.
Shares of Walmart have returned +3% over the past month versus the Zacks S&P 500 composite's -2.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Walmart (WMT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Walmart (WMT - Free Report) reported $161.63 billion in revenue for the quarter ended July 2023, representing a year-over-year increase of 5.7%. EPS of $1.84 for the same period compares to $1.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $159.82 billion, representing a surprise of +1.13%. The company delivered an EPS surprise of +8.88%, with the consensus EPS estimate being $1.69.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Walmart performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- U.S. comparable store sales (YoY change) - Walmart U.S. - Without Fuel Impact: 6.4% compared to the 3.96% average estimate based on nine analysts.
- U.S. comparable store sales (YoY change) - Sam's Club - With Fuel Impact: -0.2% versus 3.69% estimated by nine analysts on average.
- U.S. comparable store sales (YoY change) - Walmart U.S. - With Fuel Impact: 6.1% versus 3.77% estimated by eight analysts on average.
- U.S. comparable store sales (YoY change) - Sam's Club - Without Fuel Impact: 5.5% compared to the 5.91% average estimate based on eight analysts.
- Reported Sales Growth (YoY change) - Walmart International: 13.3% versus 7.89% estimated by six analysts on average.
- U.S. comparable store sales (YoY change) - Total U.S. - Without Fuel Impact: 6.3% versus the five-analyst average estimate of 4.47%.
- Net square footage - Sam's Club: 80.2 Msq ft compared to the 80.26 Msq ft average estimate based on four analysts.
- Revenues- Membership and other income: $1.35 billion versus $1.44 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -8.5% change.
- Revenues- Net Sales: $160.28 billion versus the 10-analyst average estimate of $158.04 billion. The reported number represents a year-over-year change of +5.9%.
- Net Sales- Walmart International: $27.60 billion compared to the $26.23 billion average estimate based on nine analysts. The reported number represents a change of +13.3% year over year.
- Net Sales- Walmart U.S. $110.85 billion compared to the $108.98 billion average estimate based on nine analysts. The reported number represents a change of +5.4% year over year.
- Net Sales- Sam's Club: $21.83 billion compared to the $22.92 billion average estimate based on nine analysts. The reported number represents a change of -0.3% year over year.
View all Key Company Metrics for Walmart here>>>Shares of Walmart have returned +3% over the past month versus the Zacks S&P 500 composite's -2.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.