Walmart (NYSE: WMT) is set to report earnings on Tuesday. Since the company is a major retailer, its results and commentary will provide investors with good insight into how consumer behaviors are shifting.
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Analysts are anticipating revenue to come in at $146.8 billion. This equates to a year-over-year increase of 3.7%.
However, it’s expected that Walmart will see a decline in earnings on a year-over-year basis as it looks to reduce its excess inventory through discounts. Indeed, adjusted earnings per share are expected to come in at $1.32 compared to $1.45 per share last year.
Is WMT Stock a Good Buy?
WMT stock has a Strong Buy consensus rating based on 22 Buys, four Holds, and zero Sells assigned in the past three months. The average WMT stock price target of $153.56 implies 9.27% upside potential.
