Walmart (WMT) closed the most recent trading day at $93.11, moving -0.79% from the previous trading session. This move lagged the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.95%.
Coming into today, shares of the world's largest retailer had lost 8.83% in the past month. In that same time, the Retail-Wholesale sector lost 5%, while the S&P 500 lost 4.97%.
Wall Street will be looking for positivity from WMT as it approaches its next earnings report date. This is expected to be February 19, 2019. On that day, WMT is projected to report earnings of $1.32 per share, which would represent a year-over-year decline of 0.75%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $139.30 billion, up 2.23% from the year-ago period.
WMT's full-year Zacks Consensus Estimates are calling for earnings of $4.81 per share and revenue of $514.62 billion. These results would represent year-over-year changes of +8.82% and +2.85%, respectively.
Investors might also notice recent changes to analyst estimates for WMT. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.8% higher. WMT is currently a Zacks Rank #3 (Hold).
In terms of valuation, WMT is currently trading at a Forward P/E ratio of 19.52. This represents a premium compared to its industry's average Forward P/E of 15.05.
It is also worth noting that WMT currently has a PEG ratio of 3.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Supermarkets was holding an average PEG ratio of 2.14 at yesterday's closing price.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 28% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.