Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.
Walmart stock is showing weakness. What’s driving WMT stock lower?
Walmart Q1 Earnings EstimatesAnalysts expect Walmart to report first-quarter revenue of $174.75 billion, up from $165.61 billion in last year's first quarter, according to data from Benzinga Pro.The company has beaten analyst estimates for revenue in more than 19 straight quarters.Analysts expect Walmart to report first-quarter earnings per share of 66 cents, up from 61 cents per share in last year's first quarter.The company has beaten analyst estimates for earnings per share in eight of the last 10 quarters, including beating estimates in two straight quarters.What Experts Are SayingFreedom Capital Markets Chief Market Strategist Jay Woods stressed the importance of Walmart's earnings report in a weekly newsletter."Walmart may be the biggest tell on the status of the consumer. The largest domestic retailer may shed the most light on concerns about U.S. shoppers with tighter budgets amid surging gas prices," Woods said.The market expect said higher gas prices may mean more new customers for Walmart and could also see increased usage of the company's online shopping platform.BofA Securities analyst Christopher Nardone reiterated a Buy rating on Walmart stock with a price target of $150 ahead of the earnings report.The analyst highlighted the company's consistent sales growth and digital growth, items he said could support higher guidance."We expect the core Walmart consumer will prove resilient and think a prolonged period of macro volatility and higher gas prices can accelerate share gains as consumers hunt for value," Nardone said.Here are recent analyst ratings on Walmart stock and their price targets:
