$Wal-Mart(WMT)$ will be reporting their earnings on 20 Feb 2024. The report will be for the fiscal Quarter ending Jan 2024. According to Zacks Investment Research, based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $1.64.
Walmart is expected to report $170.33 billion in revenue and net income of $4.36 billion, or $1.61 a share, according to analysts' estimates compiled by Visible Alpha. While the retail giant’s net income is projected to fall by 30% compared with the fiscal 2023 fourth quarter, its revenue totals would be about 4% higher than the prior-year quarter.
Walmart’s closing price on 16 Feb 2024 was $170.36 which is very close to their 52 weeks high at $171.93. Not sure whether the stock price will continue to go up after their earning report.
Walmart recently announced that it will conduct a split of its shares at a ratio of 3:1 after the market closes on 23 Feb 2024 for those who are shareholders of record at the close of business on 22 Feb 2024.
A 3-for-1 stock split means that for every one share held by an investor, there will now be three. In other words, the number of outstanding shares in the market will triple. On the other hand, the price per share after the 3-for-1 stock split will be reduced by dividing the old share price by 3.
The stock split is part of Walmart's ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach.
Walmart shares will begin trading at their split-adjusted price on 26 Feb 2024 and will take the total number of shares from 2.7 billion to 8.1 billion.
Walmart ranks as the biggest retailer in the world based on revenue. It has textbook moats of cost advantages and economies of scale. The company generates strong cash flow. Few businesses are as resilient as Walmart.
Walmart Incorporated, founded in 1945, operates retail, wholesale, and other units in the U.S. and internationally. The company's operations are divided into three segments: Walmart U.S., Walmart International, and Sam's Club. Its retail offerings include supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, membership-only warehouse clubs, and ecommerce websites. Walmart is headquartered in Bentonville, AR.
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