Walmart (NYSE:WMT) is scheduled to report its fourth quarter Fiscal 2024 results on Thursday, February 20. The company’s performance might have benefitted from a strong holiday season. Also, its efforts to expand e-commerce sales and improve efficiency are likely to have aided results.
Walmart is a multinational retail corporation known for its wide range of products and low prices.
WMT – Q4 Expectations
Wall Street expects Walmart to report sales of $170.85 billion in Q4, up 4.2% year-over-year. The expansion of WMT’s pickup and store-fulfilled delivery service is expected to positively impact its revenue growth in the fourth quarter.
Turning to earnings expectations, Wall Street analysts expect the company to post earnings of $1.64 a share, down nearly 4% year-over-year due to higher costs.
Analysts Weigh In
Ahead of the company’s Q4 earnings announcement, 10 analysts rated Walmart stock a Buy. Among them, Jefferies analyst Corey Tarlowe expects WMT’s investments in AI and automation to drive margin expansion. Also, Tarlowe is optimistic about the company’s top-line growth, supported by the continued strength of its advertising business.
Another Top-rated analyst, Robert Drbul from Guggenheim, is of the opinion that the company’s e-commerce initiatives have the potential to propel further growth.
Is Walmart a Good Stock to Buy Now?
Wall Street is optimistic about Walmart stock with a Strong Buy consensus rating. This is based on 21 Buys and four Holds. The average WMT stock price target of $178.01 suggests a 4.5% upside potential. Shares of the company have gained 17.4% over the past year.
Insights from Options Trading Activity
While analysts are sidelined about WMT stock, options traders are pricing in a +/- 4.27% move on earnings, smaller than the previous quarter’s earnings-related move of -8.09%.
Learn more about TipRanks’ Options tool here.
Concluding Thoughts
Wall Street remains bullish about Walmart’s performance in the quarter. WMT’s strong market position and its value offerings should help the company report strong numbers in the upcoming fourth quarter.
