Walmart Inc. (WMT) reported an earnings beat for its 4th quarter, ending 1/31/2023. Earnings per share came in at $1.71, versus the expected $1.52.
The reported revenue of $164.05 billion represents growth of 7.35% compared to the previous quarter, and growth of 7.31% compared to the same period last year.
For the 1st quarter, analysts project earnings of $1.33 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for WMT stock.
What’s Next for Walmart Inc., Post-Earnings?
According to TipRanks, the average analyst consensus on WMT stock is a Strong Buy. This consensus is based on 22 analyst ratings made in the past 3 months. Walmart Inc.’s average price target of $162.76 implies upside potential of 10.47% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings beat can signify positive movement ahead for a stock’s price. Currently, WMT price is $147.33, indicating a 5-day rise of 2.12%.
About Walmart Inc.
Walmart, Inc. boasts retail and wholesale businesses. It offers an assortment of merchandise and services at everyday low prices through its stores, Walmart.com and mobile apps. The company conducts its operations through three business segments: Walmart U.S., Walmart International, and Sam’s Club (membership-only warehouse clubs and samsclubs.com). The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR..
Learn more about WMT financials here
