Walmart Stock Slips Despite Upcoming Earnings Growth and Positive Estimate Revisions

• Walmart (WMT) stock declined 0.94% despite broader market gains • Walmart is expected to post 6.12% year-over-year EPS growth and 4.33% revenue growth in upcoming quarterly results • Analysts have revised Walmart's full-year 2022 EPS and revenue estimates up by 6.31% and 3.61%, respectively • Walmart trades at a premium valuation compared to industry average based on forward P/E and PEG ratios • Walmart falls into a Zacks Industry Rank in the top 21%, suggesting potential for further stock outperformance