Walmart (WMT - Free Report) closed the most recent trading day at $102.52, moving +0.43% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.5%.
Prior to today's trading, shares of the world's largest retailer had gained 4.05% over the past month. This has lagged the Retail-Wholesale sector's gain of 4.73% and outpaced the S&P 500's gain of 2.62% 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 May 16, 2019. On that day, WMT is projected to report earnings of $1.02 per share, which would represent a year-over-year decline of 10.53%. Our most recent consensus estimate is calling for quarterly revenue of $125.24 billion, up 2.08% from the year-ago period.
WMT's full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $528.21 billion. These results would represent year-over-year changes of -3.26% and +2.68%, respectively.
Investors might also notice 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. WMT is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note WMT's current valuation metrics, including its Forward P/E ratio of 21.47. This valuation marks a premium compared to its industry's average Forward P/E of 15.07.
Also, we should mention that WMT has a PEG ratio of 4.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. WMT's industry had an average PEG ratio of 1.44 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.