Walmart Inc. (NYSE:WMT) is reporting third quarter financial results on Tuesday 17th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, WMT is expected to report 3Q21 income of $ 1.18 per share from revenue of $ 132233.00 million.
For the full year, analysts anticipate top line of $ 550172.00 million, while looking forward to income of $ 5.33 per share bottom line.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 539,785.00 million ~ $ 539,785.00 million, where as bottomline are predicted in a range of $ 5.00 ~ $ 5.15 per share
Click Here For More Historical Outlooks Of Walmart Inc.
Previous Quarter Performance
Walmart Inc. outlined income for the second quarter of $ 1.56 per share, from the revenue of $ 137,742.00 million. The quarterly earnings boosted 22.83 percent while revenues expanded 5.65 percent compared with the same quarter last year.
Street analysts expected Walmart Inc. to report income of $ 1.25 per share on revenue of $ 135374.00 million for the second quarter. The bottom line results beat street analysts by $ 0.31 or 24.80 percent, at the same time, top line results outshined analysts by $ 2,368.00 million or 1.75 percent.
Stock Performance
Shares of Walmart Inc. traded up $ 1.90 or 1.26 percent on Monday, reaching $ 152.44 with volume of 11.27 million shares. Walmart Inc. has traded high as $ 153.40 and has cracked $ 149.28 on the downward trend
According to the previous trading day, closing price of $ 152.44, representing a 47.59 % increase from the 52 week low of $ 102.00 and a 1.86 % decrease over the 52 week high of $ 153.40.
The company has a market capital of $ 431.98 billion and is part of the Consumer Defensive sector and Discount Stores industry.
Recent Analyst recommendations
- On 2nd October 2020, upgraded by DZ Bank to Buy from Hold rating.
- On 22nd September 2020, maintained by Oppenheimer at Outperform rating, with $ 152.00 target price.
Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sams Club.
