This week in the ongoing race for customers’ loyalty and engagement between retail powerhouses Walmart and Amazon, the former may be looking to join in the streaming media space, where the latter is already well established.Walmart is said to be in discussions to purchase smart television maker Vizio for more than $2 billion. This potential deal aims to boost the retailer’s advertising business, with major chains increasingly recognizing the importance of consumer data and ad space as a factor in holding th ...

Analyst Estimates for Q4 fiscal 2024Q3 2024Q4 2023Revenue$170.33 billion$160.8 billion$164.05 billionEarnings Per Share$1.6117 cents$2.32Net Income$4.36 billion$453 million$6.28 billion Key Metric: E-Commerce Sales While e-commerce growth helped fuel Walmart’s earnings in its prior quarter, analysts are expecting online sales to begin to slow. For the holiday quarter, the growth of Walmart’s U.S. online sales is projected by analysts to have cooled some when compared with other quarters in the fiscal yea ...

Investors are always looking for stocks that are poised to beat at earnings season and Walmart Inc. (WMT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Walmart is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator ...

Wall Street analysts forecast that Walmart (WMT) will report quarterly earnings of $1.64 per share in its upcoming release, pointing to a year-over-year decline of 4.1%. It is anticipated that revenues will amount to $170.49 billion, exhibiting an increase of 3.9% compared to the year-ago quarter.The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their i ...

Walmart Inc. (WMT) is likely to register top-line growth when it reports fourth-quarter fiscal 2024 earnings on Feb 20. The Zacks Consensus Estimate for revenues is pegged at $170.4 billion, suggesting growth of 3.9% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $1.63 per share, which indicates a decrease of 4.7% from the year-ago quarter’s reported figure. WMT has a trailing four-quarter earnings surprise of 8.2%, on av ...

The market expects Walmart (WMT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 20, 2024, might help the stock move higher if these key numbers are be ...

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT) announced it will hold a live conference call with the Investment Community at 7 a.m. CST on Tuesday, Feb. 20, 2024, to discuss the company’s fourth quarter and full-year earnings results for fiscal year 2024. Doug McMillon, president and chief executive officer, and John David Rainey, executive vice president and chief financial officer, will host the call to discuss the results and answer questions. The event will be webcast live and is accessi ...

Walmart (WMT -0.05%) is known for its "every day low prices" strategy. It's about to take a similar approach with its shares.The giant retailer plans to conduct a 3-for-1 stock split on Feb. 26. Walmart CEO Doug McMillon said in a press release that the company is taking this action to make its shares more affordable to its associates. Of course, shares will also be more affordable to investors who don't work for the company. Should you buy Walmart stock ahead of its stock split? Don't buy just because of t ...

Walmart and Target are the top funders of a campaign that aims to roll back a California law that critics say has led to a surge in retail theft.This law, Proposition 47, enacted in 2014, aimed to reduce penalties for lower-level drug and property crimes but has been criticized for leading to a surge in smash-and-grab robberies and other crimes, Bloomberg reported Friday (Feb. 9).The two retailers are among those supporting a proposed ballot measure that seeks to give prosecutors more power to charge accuse ...

Target is weighing a new paid membership program for its customers similar to Amazon and Walmart, Bloomberg News reported Wednesday, citing people familiar with the matter.The new program, internally titled as Project Trident, could launch as soon as this year, the report said, without giving details about the pricing of the membership program.Target did not immediately respond to a Reuters request for comment.The retailer will be a late entrant into the market of paid membership and will have to compete w ...