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Walmart (WMT) Q4 Earnings Miss, Sales Beat, Issues FY19 View

Walmart Inc.WMT , the operator of discount stores, supermarkets and hypermarkets, came out with its fourth-quarter fiscal 2018 results, wherein earnings of $1.33 per share missed the Zacks Consensus Estimate of $1.36. However, it increased 2.3% year over year.

Management envisions fiscal 2019 earnings per share in the band of $4.75-$5.00. The Zacks Consensus Estimate for the fiscal year stands at $4.91.

Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise

Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has witnessed an uptrend in the past 30 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 2.2%.

Revenues: Walmart generated total revenue of $136.3 billion that grew 4.1% year over year and also came ahead of the Zacks Consensus Estimate of $135 billion. Walmart U.S. comparable sales (excluding fuel) rose 2.6%, while traffic jumped 1.6%. U.S. e-commerce sales surged 23%. Management expects Walmart U.S. comparable sales (excluding fuel) to increase a minimum of 2% for fiscal 2019.

Key Events: Walmart has raised its yearly cash dividend by 2% to $2.08 per share, which will be payable in four quarterly installments of 52 cents per share.

Zacks Rank: Currently, Walmart carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Stock Movement: Walmart's shares are down 3.2% during pre-market trading hours following the company's results.

Check back later for our full write up on Walmart's earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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