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Walmart Inc. (WMT - Free Report) , the operator of discount stores, supermarkets and hypermarkets, came out with its fourth-quarter fiscal 2018 results, wherein earnings of $1.33 per share missed the Zacks Consensus Estimate of $1.36. However, it increased 2.3% year over year.
Management envisions fiscal 2019 earnings per share in the band of $4.75-$5.00. The Zacks Consensus Estimate for the fiscal year stands at $4.91.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has witnessed an uptrend in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 2.2%.
Revenues: Walmart generated total revenue of $136.3 billion that grew 4.1% year over year and also came ahead of the Zacks Consensus Estimate of $135 billion. Walmart U.S. comparable sales (excluding fuel) rose 2.6%, while traffic jumped 1.6%. U.S. e-commerce sales surged 23%. Management expects Walmart U.S. comparable sales (excluding fuel) to increase a minimum of 2% for fiscal 2019.
Key Events: Walmart has raised its yearly cash dividend by 2% to $2.08 per share, which will be payable in four quarterly installments of 52 cents per share.
Stock Movement: Walmart’s shares are down 3.2% during pre-market trading hours following the company’s results.
Check back later for our full write up on Walmart’s earnings report!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Image: Bigstock
Walmart (WMT) Q4 Earnings Miss, Sales Beat, Issues FY19 View
Walmart Inc. (WMT - Free Report) , the operator of discount stores, supermarkets and hypermarkets, came out with its fourth-quarter fiscal 2018 results, wherein earnings of $1.33 per share missed the Zacks Consensus Estimate of $1.36. However, it increased 2.3% year over year.
Management envisions fiscal 2019 earnings per share in the band of $4.75-$5.00. The Zacks Consensus Estimate for the fiscal year stands at $4.91.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has witnessed an uptrend in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 2.2%.
Revenues: Walmart generated total revenue of $136.3 billion that grew 4.1% year over year and also came ahead of the Zacks Consensus Estimate of $135 billion. Walmart U.S. comparable sales (excluding fuel) rose 2.6%, while traffic jumped 1.6%. U.S. e-commerce sales surged 23%. Management expects Walmart U.S. comparable sales (excluding fuel) to increase a minimum of 2% for fiscal 2019.
Key Events: Walmart has raised its yearly cash dividend by 2% to $2.08 per share, which will be payable in four quarterly installments of 52 cents per share.
Zacks Rank: Currently, Walmart carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Walmart’s shares are down 3.2% during pre-market trading hours following the company’s results.
Check back later for our full write up on Walmart’s earnings report!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>