Walmart(WMT)
Search documents
Walmart Stock 'One Of The Most Compelling' Retail Investments: 7 Analysts Highlight Market Share Gains
Benzinga· 2024-08-16 16:18
Walmart Inc WMT analysts are highlighting the company’s market share gains and improving gross margins in the retailer’s second-quarter earnings report. The Walmart Analysts: Bank of America analyst Robert Ohmes reiterated a Buy rating and raised the price target from $75 to $85.KeyBanc analyst Bradley Thomas reiterated an Overweight rating and $82 price target.BMO Capital analyst Kelly Bania reiterated an Outperform rating and $80 price target.Truist analyst Scot Ciccarelli maintained a Hold rating and rai ...
3 Companies Reporting Remarkable Results: WMT, LLY, CAH
ZACKS· 2024-08-16 15:16
The 2024 Q2 earnings season is slowly grinding to a halt, with the vast majority of S&P 500 companies already delivering quarterly results. Peeking a bit ahead, earnings for the current period (2024 Q3) are expected to be up 4.3% on 4.6% higher revenues, chaining together consecutive periods of positivity.Below is a chart illustrating earnings expectations for the coming and recent periods.Image Source: Zacks Investment ResearchSeveral companies have stolen the spotlight throughout the period, including Wal ...
ETFs to Gain on Walmart's Robust Q2 Earnings
ZACKS· 2024-08-16 15:10
Before the opening bell yesterday, Walmart (WMT) reported robust second-quarter fiscal 2025 results, surpassing earnings and revenue estimates. The megaretailer raised its guidance for the fiscal year for a second time this year, spreading bullishness about the company’s growth. This pushed WMT shares to a record high on the highest trading volume since mid-May. Investors seeking to tap the opportune moment should consider ETFs having the highest allocation to the world's largest brick-and-mortar retailers. ...
Walmart Q2 Earnings: Are Shares A Buy At New All-Time Highs?
Seeking Alpha· 2024-08-16 13:20
Alexander Farnsworth Walmart (NYSE:WMT) shares soared to a new all-time high following the release of its fiscal Q2 earnings results; and rightfully so. The company easily beat expectations and enacted another positive revision upwards to its full-year guidance. WMT also reported continued share gains among key demographics. The stock benefitted from an additional uplift from a strong retail report, which showed sales rising more than expected. In prior coverage on WMT, I rated shares as fairly valued f ...
Is Walmart Stock Going to $80? 1 Wall Street Analyst Thinks So.
The Motley Fool· 2024-08-16 12:54
Walmart's CEO names the four things that have its business soaring.Investors have been worrying about inflation, recession, and economic data that could torpedo this year's stock market run. But Walmart (WMT 6.58%) just reported its fiscal second-quarter earnings, which soothed many of those concerns. After a report that beat estimates on both the top and bottom lines, its stock is flying.Now, one Wall Street analyst thinks there's more to come, even as shares of the world's largest retailer have already so ...
These Analysts Boost Their Forecasts On Walmart After Upbeat Earnings
Benzinga· 2024-08-16 12:03
Walmart Inc WMT announced strong second-quarter results and raised full-year guidance on Thursday.The retailer reported adjusted EPS of 67 cents (+9.8% Y/Y), beating the consensus of 64 cents. Sales were $169.34 billion, up 4.8% year over year or 5.0% (at constant currency), beating the consensus of $168.57 billion.Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its sales outlook is $164.58 billion-$166.17 billion vs. $167.11 billion estimate.For FY25, the big b ...
Watch These Walmart Price Levels After Stock Surges to Record High
Investopedia· 2024-08-16 03:17
Key TakeawaysWalmart shares surged Thursday after the company reported second-quarter earnings that topped expectations and lifted its full-year outlook, as cost-conscious consumers turned to the discounter retailer for purchasing essential items.The share price set a record close Thursday on the highest trading volume since mid May, suggesting active participation by institutional investors.A bars pattern, which takes the stock’s trending move from early May to mid-July and positions it from this month's l ...
Cramer says Walmart's strong quarter may not be indicative of consumers as a whole
CNBC· 2024-08-15 22:40
CNBC's Jim Cramer on reviewed Walmart's quarter, suggesting the big box retailer's strong results are due to its successful business strategy and aren't necessarily indicative of a favorable consumer landscape."Don't make the mistake of assuming that Walmart's results give you some kind of generic read on the consumer," Cramer said. "You can't just extrapolate from the best operator in the industry to everyone else."Walmart on Thursday topped analysts' expectations for earnings and revenue and raised its fu ...
Walmart Amps Up Digital Progress In Positioning For Second Half
PYMNTS.com· 2024-08-15 18:20
Convenience. Membership. Delivery times. Delivery density. eCommerce. Marketplaces.You would be forgiven for thinking these were keywords from Amazon’s Q2 earnings announcement. But they weren’t. They were the themes that sounded most often on Walmart’s Q2 earnings call Thursday (Aug. 15) as it reported slow but steady growth and an “appropriately cautious” outlook on consumer spending for the second half of the year.“So far, we aren’t experiencing a weaker consumer overall,” CEO Doug McMillon told the earn ...
Walmart's Q4 Outlook Clouded by Consumer Spending Concerns: JP Morgan Analyst
Benzinga· 2024-08-15 18:14
Walmart Inc WMT shares are trading higher on Thursday after the company announced strong second-quarter 2025 results and raised full-year guidance.The retailer reported adjusted EPS of $0.67 (+9.8% Y/Y), beating the consensus of $0.64 and sales of $169.34 billion, surpassing the consensus of $168.57 billion.Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its net sales to grow 3.25% – 4.25% in CC.JP Morgan analyst Christopher Horvers has an Overweight rating on W ...