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- Walmart earnings results announced
- Founded: July 2, 1962
- Headquarters: Bentonville, Arkansas, United States
- Number of employees: 2.1 million (2023)
- Industry: Retail
- Key people: Greg Penner (Chairman), Doug McMillon (President and CEO)
- 1 month: -2.37%
- 3 months: +0.82%
- Year-to-date: +10.70%
- 1 year: +6.05%
- Jefferies: $195
- Stifel: $171
- Stephens & Co.: $190
- Tigress Financial: $196
- Piper Sandler: $210
- HSBC: $200
- Evercore ISI Group: $177
- Citigroup: $180
- TD Cowen: $185
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisThe world’s largest supermarket chain Walmart Inc. (NYSE: WMT) released third quarter earnings results before the market opened in the US on Thursday. Walmart beat Wall Street estimates for both revenue and earnings per share (EPS).
Company overview
The results
Walmart reported revenue of $160.804 billion for the quarter (up by 5.2% year-over-year) vs. $159.651 billion expected.
EPS reported at $1.53 per share (up by 2% year-over-year) vs. estimate of $1.522 per share.
Walmart raised its full-year net sales growth forecast from between 4%-4.5% to between 5%-5.5%. Adjusted EPS expected to reach between $6.40-$6.48 per share vs. analyst estimate of $6.48 per share.
CEO commentary
“We had strong revenue growth across segments for the quarter, and we’re excited to get an early start to the holiday season. From a Thanksgiving meal that costs less than last year, to great prices on fashion, toys, electronics, and seasonal decorations, we’re here to help families from around the world make this a special time. Looking ahead, our inventory is in good shape, the teams are focused, and our associates are ready to serve our customers and members whenever and however they want to be served,” CEO of Walmart, Doug McMillon said in a letter to investors.
Stock reaction”[insert chart image attached to the email]
Shares of Walmart fell by around 7% on Thursday on future outlook despite beating Q3 estimates.
Stock performance
Walmart stock price targets
Walmart is the 16th largest company in the world with a market cap of $421.71 billion.
You can trade Walmart Inc. (NYSE: WMT) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.
Why trade during extended hours?
Sources: Walmart Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap, Financial Times
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.
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