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Walmart (WMT) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Walmart (WMT - Free Report) closed at $94.51, marking a -0.58% move from the previous day. This move lagged the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq added 0.91%.
Prior to today's trading, shares of the world's largest retailer had gained 7.62% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.67% and the S&P 500's gain of 2.11% in that time.
Investors will be hoping for strength from WMT as it approaches its next earnings release, which is expected to be November 15, 2018. The company is expected to report EPS of $1.03, up 3% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $124.18 billion, up 0.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.77 per share and revenue of $513.64 billion. These totals would mark changes of +7.92% and +2.66%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for WMT. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 2.17% lower. WMT is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, WMT currently has a Forward P/E ratio of 19.99. This valuation marks a premium compared to its industry's average Forward P/E of 17.75.
Meanwhile, WMT's PEG ratio is currently 3.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Supermarkets industry currently had an average PEG ratio of 2.28 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow WMT in the coming trading sessions, be sure to utilize Zacks.com.
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Walmart (WMT) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Walmart (WMT - Free Report) closed at $94.51, marking a -0.58% move from the previous day. This move lagged the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq added 0.91%.
Prior to today's trading, shares of the world's largest retailer had gained 7.62% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.67% and the S&P 500's gain of 2.11% in that time.
Investors will be hoping for strength from WMT as it approaches its next earnings release, which is expected to be November 15, 2018. The company is expected to report EPS of $1.03, up 3% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $124.18 billion, up 0.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.77 per share and revenue of $513.64 billion. These totals would mark changes of +7.92% and +2.66%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for WMT. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 2.17% lower. WMT is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, WMT currently has a Forward P/E ratio of 19.99. This valuation marks a premium compared to its industry's average Forward P/E of 17.75.
Meanwhile, WMT's PEG ratio is currently 3.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Supermarkets industry currently had an average PEG ratio of 2.28 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow WMT in the coming trading sessions, be sure to utilize Zacks.com.