Walmart Inc. (NYSE: WMT | WMT Price Prediction) is scheduled to release its most recent quarterly results before the markets open on Thursday. The consensus estimates are $1.02 in earnings per share (EPS) and $125.03 billion in revenue for the fiscal first quarter. The same period of last year reportedly had EPS of $1.14 on $122.69 billion in revenue.
Earlier this week, Walmart announced that it will start to offer free next-day delivery in three cities. The plan allows customers who order from Walmart.com to get the service, though orders have to total over $35.
Also, the company said that it is getting into the cattle business. Walmart announced a calf-to-steak supply chain for Angus beef that Walmart says will meet customer demands for quality beef and a more transparent supply chain.
Not to mention, Drew Barrymore is partnering up with Walmart to launch a collection of furniture and décor. The world’s largest retailer has gambled that her “brand” will sell products beyond inexpensive merchandise and groceries.
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Overall, Walmart has underperformed the broad markets, even though its shares are up about 9% year to date. In the past 52 weeks, the stock is actually up about 20%.
A few analysts weighed in on Walmart ahead of the report:
- Sanford Bernstein has an Outperform rating.
- Wolfe Research has an Underperform rating.
- Citigroup has a Buy rating with a $115 price target.
- BMO Capital Markets has a Buy rating and a $115 target.
Shares of Walmart were last seen at $99.70, in a 52-week range of $81.78 to $106.21. The consensus price target is $108.47.
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