Walmart(US:WMT) ZACKS·2024-07-29 22:50Company Performance - Walmart's stock closed at $69.62, down 0.23% from the previous session, underperforming the S&P 500 which gained 0.08% [1] - Over the past month, Walmart's shares increased by 3.06%, outperforming the Retail-Wholesale sector's decline of 2.44% and the S&P 500's loss of 0.21% [1] - The upcoming earnings report is scheduled for August 15, 2024, with projected EPS of $0.65, reflecting a 6.56% increase year-over-year, and revenue forecasted at $168.4 billion, indicating a 4.19% growth [1] Analyst Estimates - For the fiscal year, earnings are projected at $2.43 per share and revenue at $675.88 billion, representing increases of 9.46% and 4.28% respectively from the prior year [2] - Recent changes in analyst estimates suggest confidence in Walmart's business performance and profit potential [2] - The Zacks Rank system indicates Walmart has a current rank of 2 (Buy), with a history of outperforming the market [3] Valuation Metrics - Walmart's Forward P/E ratio is 28.77, which is a premium compared to the industry average of 13.17 [3] - The PEG ratio for Walmart is 4.02, significantly higher than the Retail - Supermarkets industry's average PEG ratio of 1.8 [3] Industry Context - The Retail - Supermarkets industry is ranked 17 in the Zacks Industry Rank, placing it in the top 7% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]