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Walmart (WMT) Gains As Market Dips: What You Should Know
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In the latest trading session, Walmart (WMT - Free Report) closed at $154.46, marking a +0.19% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.53%.
Prior to today's trading, shares of the world's largest retailer had gained 3.94% over the past month. This has outpaced the Retail-Wholesale sector's gain of 3.31% and lagged the S&P 500's gain of 4.86% in that time.
Investors will be hoping for strength from Walmart as it approaches its next earnings release. The company is expected to report EPS of $1.68, down 5.08% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $159.34 billion, up 4.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.21 per share and revenue of $636.67 billion, which would represent changes of -1.27% and +4.15%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Walmart. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Walmart is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Walmart currently has a Forward P/E ratio of 24.82. For comparison, its industry has an average Forward P/E of 12.56, which means Walmart is trading at a premium to the group.
It is also worth noting that WMT currently has a PEG ratio of 4.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Supermarkets stocks are, on average, holding a PEG ratio of 1.84 based on yesterday's closing prices.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Walmart (WMT) Gains As Market Dips: What You Should Know
In the latest trading session, Walmart (WMT - Free Report) closed at $154.46, marking a +0.19% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.53%.
Prior to today's trading, shares of the world's largest retailer had gained 3.94% over the past month. This has outpaced the Retail-Wholesale sector's gain of 3.31% and lagged the S&P 500's gain of 4.86% in that time.
Investors will be hoping for strength from Walmart as it approaches its next earnings release. The company is expected to report EPS of $1.68, down 5.08% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $159.34 billion, up 4.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.21 per share and revenue of $636.67 billion, which would represent changes of -1.27% and +4.15%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Walmart. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Walmart is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Walmart currently has a Forward P/E ratio of 24.82. For comparison, its industry has an average Forward P/E of 12.56, which means Walmart is trading at a premium to the group.
It is also worth noting that WMT currently has a PEG ratio of 4.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Supermarkets stocks are, on average, holding a PEG ratio of 1.84 based on yesterday's closing prices.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.