Top Wall Street Forecasters Revamp Walmart Expectations Ahead Of Q2 Earnings

Group 1 - Walmart Inc. is set to release its second-quarter earnings results on August 21, with analysts expecting earnings of 74 cents per share, an increase from 67 cents per share in the same period last year [1] - The projected quarterly revenue for Walmart is $176.16 billion, compared to $167.77 billion generated in the same quarter last year [1] - Despite missing revenue estimates in the first quarter, Walmart has beaten estimates in nine of the last ten quarters [2] Group 2 - Walmart shares increased by 1.3%, closing at $102.57 on Wednesday [2] - Analysts have maintained positive ratings on Walmart, with Evercore ISI Group raising the price target from $108 to $110 [7] - Oppenheimer increased its price target for Walmart from $110 to $115, while JP Morgan raised its target from $112 to $130 [7]