Walmart (WMT) closed the most recent trading day at $93.82, moving -1.04% from the previous trading session. This change lagged the S&P 500's daily loss of 0.59%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.88%.
Heading into today, shares of the world's largest retailer had lost 0.33% over the past month, outpacing the Retail-Wholesale sector's loss of 9.59% and the S&P 500's loss of 4.1% in that time.
Wall Street will be looking for positivity from WMT as it approaches its next earnings report date. This is expected to be November 15, 2018. On that day, WMT is projected to report earnings of $1.03 per share, which would represent year-over-year growth of 3%. Our most recent consensus estimate is calling for quarterly revenue of $124.18 billion, up 0.81% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.80 per share and revenue of $513.91 billion, which would represent changes of +8.6% and +2.71%, respectively, from the prior year.
Any recent changes to analyst estimates for WMT should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. WMT is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, WMT is holding a Forward P/E ratio of 19.74. This valuation marks a premium compared to its industry's average Forward P/E of 16.66.
Investors should also note that WMT has a PEG ratio of 3.33 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Supermarkets industry currently had an average PEG ratio of 2.18 as of yesterday's close.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.