Walmart Co. (NYSE: WMT) is expected to report a total of $135.81 bn in sales by research analysts for this present fiscal quarter. This is according to the report of Zacks Research. The estimates regarding the earnings of the WMT stock were provided by 7 analysts. The highest estimate regarding sales stands at $137.77 bn while the lowest estimate regarding sales stands at $133.44 bn. During such a similar quarter last year, the stock reported $137.74 bn in sales. This hints towards a negative 1.4% growth rate on a Y-O-Y basis. On 17th August, Thursday, the WMT stock will be issuing its upcoming earnings results.
The WMT Stock Was A Subject Of Several Research Analyst Reports!
Several equities analysts reported on the shares of the WMT stock. The Goldman Group reissued its rating of “buy” while issuing a price target of $170.00 on the shares of the company in their research note of 18th May, Tuesday. Royal Canada Bank elevated their target price from $163.00 – $173.00 while issuing a rating of “outperform” on the shares of the company in their research note of 24th Monday, Monday. Deutsche Bank elevated their target price from $165.00 – $181.00 while issuing a rating of “buy” on the shares of the company in their research note of 19th May, Wednesday.
Telsey group elevated their target price from $162.00 – $170.00 while issuing a rating of “outperform” on the shares of the WMT stock in their research note of 19th May, Wednesday. Lastly, CitiGroup Russell elevated their target price from $172.00 – $179.00 while issuing a rating of “buy” in their research note of 19th May, Wednesday. 1 research analyst has issued a rating of “sell” on the stock. 5 have issued a rating of “hold” while 22 have issued a rating of “buy” on the WMT stock. The stock has “buy” as its average rating and $162.20 as its average target price!
