Walmart Stock Ticks Up Ahead of Quarterly Earnings

On Tuesday, Walmart (WMT) will be releasing its quarterly sales report to shareholders. As traders get ready to see the company’s sales, they are investing a little more in the stock.

It is anticipated that Walmart will beat earnings expectations, doing what many retailers have done this year so far and exceed revenue forecasts.

Walmart’s stock is performing well, up 0.38% right now to a share price of $60.72. That is very close to the stock’s all time high of $61.24. It is possible that after this week’s earnings report is released, we will see the stock soar past the record high and set a new one.

Walmart is consistently one of the top earners in the retail market, and it will be competing with Home Depot (HD) this week on earnings reports. That company will be reporting its earnings on Tuesday as well, making the comparisons between the two inevitable, since they reach similar market demographics.

Currently, Walmart’s stock is higher than its 50-day moving average. Walmart has gained from quarter to quarter over the last year, and it was up about 7% for the first quarterly report for the year in January.

What Walmart Investors Have to Look Forward To

The stock may get a boost after Walmart acquires Vizio, the smart television manufacturer. The purchase is supposed to cost $2.3 billion, and even though the TV maker has a strong presence in Walmart stores, the sale should help the retailer grow.

Retail sales are growing in the US, up 17% for electronic sales, but that has not hurt Walmart. They are still spending billions on investments and are expected to earn $159.2 billion for the quarter. If estimates hold, that would mean a revenue jump of 4.5% and a profit per share of 52 cents. That would also place the company earnings up by 6% from last year.

New data for US PPI and US CPI is coming this week, which could impact Walmart stock, especially if this data shows increased inflation numbers.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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