Walmart Stock Dips Ahead of Q4 Earnings Report, Though Full-Year Growth Expected
• Walmart (WMT) stock fell 1.41% amid a market uptick as investors look ahead to its upcoming earnings report on February 20, 2024 • Walmart is projected to report lower year-over-year earnings of $1.63 per share and higher revenue of $170.21 billion • For the full year, consensus estimates forecast Walmart earnings growth of +2.38% and revenue growth of +5.51% • Walmart currently has a Zacks Rank of #3 (Hold) and a premium Forward P/E ratio of 25.26 compared to its industry • The Retail - Supermarkets industry ranks in the top 13% of all Zacks industries, indicating strong performance potential