In the latest trading session, Walmart (WMT - Free Report) closed at $93.91, marking a -0.23% move from the previous day. This move lagged the S&P 500's daily of 0%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.06%.
Prior to today's trading, shares of the world's largest retailer had lost 2.05% over the past month. This has lagged the Retail-Wholesale sector's gain of 0.86% and the S&P 500's gain of 0.78% in that time.
Wall Street will be looking for positivity from WMT as it approaches its next earnings report date. This is expected to be November 15, 2018. The company is expected to report EPS of $1.03, up 3% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $124.18 billion, up 0.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.81 per share and revenue of $513.64 billion. These totals would mark changes of +8.82% and +2.66%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for WMT. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.61% higher. WMT is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note WMT's current valuation metrics, including its Forward P/E ratio of 19.59. This valuation marks a premium compared to its industry's average Forward P/E of 17.3.
Meanwhile, WMT's PEG ratio is currently 3.3. 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. Retail - Supermarkets stocks are, on average, holding a PEG ratio of 2.3 based on yesterday's closing prices.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 44% 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.