{"id":85029,"date":"2023-11-15T19:31:11","date_gmt":"2023-11-16T00:31:11","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/walmart-earnings-are-coming-what-to-expect\/"},"modified":"2023-11-15T19:31:12","modified_gmt":"2023-11-16T00:31:12","slug":"walmart-earnings-are-coming-what-to-expect","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=85029","title":{"rendered":"Walmart Earnings Are Coming. What to Expect."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000801354\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Home Depot<br \/>\n       and<br \/>\n        Target\u2019s<br \/>\n       latest earnings give investors another reason to look forward to<br \/>\n        Walmart\u2019s<br \/>\n       report. But those expecting<br \/>\n        Walmart<br \/>\n       stock to surge the way Target shares did after that retailer\u2019s results should curb their enthusiasm.<\/p>\n<p>Target stock jumped double-digits in percentage terms Wednesday after the company\u2019s earnings blew past estimates, even though sales fell.<br \/>\n        Home Depot<br \/>\n       posted similar results earlier in the week\u2014strong earnings, but weak sales\u2014and has since seen its stock gain about 6% since Monday. <\/p>\n<div class=\"paywall\">\n<p>The biggest takeaways are that retailers still have some levers to pull to navigate a challenging environment, and that consumers are still hanging on, says John Tomlinson, global director of research at M Science. That bodes well for Walmart, which reports fiscal third-quarter earnings Thursday morning. <\/p>\n<p>Analysts expect Walmart\u2019s revenue will grow 4.4% year-over-year to $159.7 billion in the quarter. Same-store sales, which measure sales growth at stores open for more than a year, will grow by 3.7%, analysts predict. <\/p>\n<p>Adjusted earnings are projected to clock in at $1.52 a share, up from $1.50 a share in the year-ago quarter. <\/p>\n<p>The company is well-positioned to meet those expectations, or even deliver slightly better results. <\/p>\n<p>\u201cWe see WMT as the best house on a wobbly consumer Street, and look for a solid beat from Walmart,\u201d wrote Evercore ISI analyst Greg Melich in a note last week. <\/p>\n<p>Just don\u2019t head into Thursday expecting the stock to run up after the results, a la Target. Part of the reason Target shares gained so much is expectations were so low heading into the report. That isn\u2019t the case with Walmart. <\/p>\n<p>The company has been outperforming Target and Home Depot for several quarters now, and its stock price reflects that. Walmart stock trades at 24 times forward earnings, while Target\u2019s shares trade at 13 times earnings and Home Depot at 19.6, according to FactSet. <\/p>\n<p>That premium valuation is justified, given that the company is likely to keep gaining market share, wrote Oppenheimer analyst Rupesh Parikh in a note to clients. But high expectations leave \u201climited room for error\u201d when the company reports earnings, he added.<\/p>\n<p>The way the market reacted after<br \/>\n        TJX Cos.<br \/>\n       (TJX) reported earnings Wednesday might be a better comparison. Unlike Target and Home Depot, TJX saw strong increases in foot traffic and sales, a result of consumers becoming more price sensitive and searching for value. TJX also beat earnings estimates. <\/p>\n<p>But the stock traded lower Wednesday because expectations were high heading into the report, and fourth-quarter guidance wasn\u2019t strong enough for the market. <\/p>\n<p>Walmart is facing an equally high bar, because\u2014like TJX\u2014it has benefited from the macroeconomic environment and subsequent changes in consumer behavior.<\/p>\n<p>\u201cAbsent a really, really better-than-expected line item on the profitability side, I would expect the reaction to be much more muted relative to Target,\u201d Tomlinson said.<\/p>\n<p>Write to Sabrina Escobar at sabrina.escobar@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/walmart-earnings-stock-price-16cbdf77?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home Depot and Target\u2019s latest earnings give investors another reason to look forward to Walmart\u2019s report. But those expecting Walmart stock to surge the way Target shares did after that retailer\u2019s results should curb their enthusiasm. Target stock jumped double-digits in percentage terms Wednesday after the company\u2019s earnings blew past estimates, even though sales fell. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":85030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-85029","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Walmart Earnings Are Coming. 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