Posted 2/19/2024, 10:50:00 PM
Walmart Earnings on Tuesday to Gauge Consumer Spending as Stock Hovers Near Buy Point
- Walmart will report Q4 earnings on Tuesday, ends week in buy zone but not outperforming market
- Guidance will show consumers' willingness and ability to spend
- Earnings expected to fall 4.1% to $1.64 per share, snap 5-quarter string of gains
- Revenue seen rising 4.1% to $170.9 billion, same-store sales up 3.3%
- Walmart stock rose 0.6% last week, still in range of 163.57 cup-with-handle buy point