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Walmart (WMT) Gains As Market Dips: What You Should Know
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Walmart (WMT - Free Report) closed the most recent trading day at $95.64, moving +0.04% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq lost 0.36%.
Prior to today's trading, shares of the world's largest retailer had gained 0.42% over the past month. This has lagged the Retail-Wholesale sector's gain of 8.25% and the S&P 500's gain of 8.17% in that time.
WMT will be looking to display strength as it nears its next earnings release, which is expected to be February 19, 2019. On that day, WMT is projected to report earnings of $1.33 per share, which would represent no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $139.30 billion, up 2.23% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for WMT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.2% higher. WMT currently has a Zacks Rank of #3 (Hold).
Investors should also note WMT's current valuation metrics, including its Forward P/E ratio of 20.26. For comparison, its industry has an average Forward P/E of 16.61, which means WMT is trading at a premium to the group.
It is also worth noting that WMT currently has a PEG ratio of 3.97. 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 industry currently had an average PEG ratio of 1.67 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 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Gains As Market Dips: What You Should Know
Walmart (WMT - Free Report) closed the most recent trading day at $95.64, moving +0.04% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq lost 0.36%.
Prior to today's trading, shares of the world's largest retailer had gained 0.42% over the past month. This has lagged the Retail-Wholesale sector's gain of 8.25% and the S&P 500's gain of 8.17% in that time.
WMT will be looking to display strength as it nears its next earnings release, which is expected to be February 19, 2019. On that day, WMT is projected to report earnings of $1.33 per share, which would represent no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $139.30 billion, up 2.23% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for WMT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.2% higher. WMT currently has a Zacks Rank of #3 (Hold).
Investors should also note WMT's current valuation metrics, including its Forward P/E ratio of 20.26. For comparison, its industry has an average Forward P/E of 16.61, which means WMT is trading at a premium to the group.
It is also worth noting that WMT currently has a PEG ratio of 3.97. 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 industry currently had an average PEG ratio of 1.67 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 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.