Walmart (WMT) Outperforms Broader Market: What You Need to Know

Company Performance - Walmart's stock closed at $69.90, reflecting a +0.32% change from the previous day, outperforming the S&P 500's gain of 0.07% [1] - Over the past month, Walmart shares have increased by 4.06%, surpassing the Retail-Wholesale sector's growth of 2.94% but lagging behind the S&P 500's 4.34% increase [1] - The upcoming earnings report on August 15, 2024, is expected to show earnings of $0.65 per share, representing a year-over-year growth of 6.56%, with revenue forecasted at $168.38 billion, indicating a 4.18% increase compared to the same quarter last year [1] Annual Estimates - For the entire year, the Zacks Consensus Estimates predict earnings of $2.43 per share and revenue of $675.38 billion, reflecting changes of +9.46% and +4.21% respectively from the previous year [2] - Recent changes in analyst estimates for Walmart are crucial as they indicate short-term business trends, with upward revisions suggesting positive sentiment towards the company's operations [2] Zacks Rank and Valuation - Walmart currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [3] - The Forward P/E ratio for Walmart is 28.73, which is a premium compared to the industry average of 12.4 [3] - The PEG ratio for Walmart stands at 4.02, significantly higher than the Retail-Supermarkets industry's average PEG ratio of 1.78 [3] Industry Overview - The Retail-Supermarkets industry is part of the Retail-Wholesale sector and has a Zacks Industry Rank of 14, placing it in the top 6% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]