Walmart Inc. (WMT - Free Report) came out with fourth-quarter fiscal 2019 results. Adjusted earnings of $1.41 per share beat the Zacks Consensus Estimate of $1.33 and jumped nearly 6% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has trended upward in the last 30 days. In the trailing four quarters (excluding the quarter under review) the company beat the Zacks Consensus Estimate by an average of about 3%.
Revenues: Net sales of $138.8 billion rose 1.9% year over year. The Zacks Consensus Estimate was $139.3 billion. U.S. comps, excluding fuel, improved 4.2%.
Outlook: The company anticipates consolidated net sales to rise at least 3% in fiscal 2020. Earnings are envisioned to decline at a low single-digit rate year over year, whereas the same is expected to increase in a low to mid single-digit rate on excluding Flipkart.
Zacks Rank: Currently, Walmart has a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Walmart’s earnings report later!
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