Walmart (WMT) Partners with Zipline to Launch Autonomous Aircraft Delivery Service in Northwest Arkansas

Raymond James Reiterates Outperform on Walmart (WMT) After Earnings

November 17, 2021 8:05 AM EST

Raymond James analyst Bobby Griffin reiterated an Outperform rating and $170.00 price target on Walmart (NYSE: WMT) after F3Q22 sales, operating income, and EPS all came in above consensus expectations.

The analyst stated "Management raised its FY22 guidance, with the implied F4Q guidance... More

Walmart (WMT) PT Raised to $150 at Evercore ISI

November 17, 2021 7:59 AM EST

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $150.00 (from $145.00) while maintaining a In Line rating.... More

Department Stores Lead Retail Sales Gains, Jumping 27.6% in Oct.

November 16, 2021 1:45 PM EST

Goldman Sachs analyst Kate McShane, in reviewing the retail sales number today, notes that "Department stores witnessed the most significant year-on-year acceleration, growing at +27.6% in October vs. +19.0% in September."

Stocks to watch:

Dillard's (NYSE: DDS)Nordstrom (NYSE: JWN)Kohl's (NYSE: KSS)Macy's (NYSE: M)Target (NYSE: TGT)Walmart (NYSE: WMT)
... More

Walmart (WMT) PT Lowered to $155 at Stifel

November 16, 2021 1:28 PM EST

Stifel analyst Mark Astrachan lowered the price target on Walmart (NYSE: WMT) to $155.00 (from $160.00) while maintaining a Hold rating following earnings.

The analyst commented, "Our F2022 and F2023 EPS estimates are largely unchanged following solid F3Q results. Updated estimates reflect... More

Walmart (WMT) Tops Estimates and Raises Guidance but Stock Reaction Muted on Lower EBIT and Higher Costs

November 16, 2021 8:54 AM EST

Shares of Walmart (NYSE: WMT) are trading moderately lower in pre-open despite the company reporting better-than-expected Q3 results.

Walmart reported Q3 EPS of $1.45 to top the analyst estimate of $1.40. Revenue for the quarter came in at $140.5 billion versus the consensus estimate of $135.6 billion.

US Q3 comp sales rose 9.2% compared to a year ago, and 15.6% compared to two years... More

Walmart stock tumbles as supply chain snarls hit margins ahead of holidays

November 16, 2021 7:07 AM EST

By Richa Naidu and Aishwarya Venugopal

(Reuters) -Walmart Inc shares on Tuesday suffered their biggest intraday drop since May after high labor and supply chain costs ate into quarterly margins, even as the world's biggest retailer raised its annual sales and profit forecast.

Major retailers, including Amazon.com, have been struggling to bring products into the United States ahead of the peak shopping season due to shipping logjams, shuttered factories in parts of Asia and a scarcity of raw materials in recent months.

The hit to Walmart's margins comes despite efforts by the retailer to limit... More

Walmart (WMT) Tops Q3 EPS by 5c, Raises FY EPS Guidance

November 16, 2021 7:04 AM EST

Walmart (NYSE: WMT) reported Q3 EPS of $1.45, $0.05 better than the analyst estimate of $1.40. Revenue for the quarter came in at $140.5 billion versus the consensus estimate of $135.6 billion.

Walmart U.S. Q3 comp sales1 grew 9.2%; 15.6% two-year stack; Comp transactions up... More

Walmart (WMT) Reports Q3 Comp Sales Up 9.2%; 15.6% Two-Year Stack; Comp Transactions up 5.7%

November 16, 2021 7:04 AM EST

Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211116005768/en/

Third quarter highlights:

Walmart raises full-year guidanceWalmart U.S. comp sales above 6%, excluding fuelFY22 GAAP EPS of around $5.00; Adjusted EPS of around $6.40 versus prior guidance of $6.20-$6.35FY22 capital expenditures of around $13 billionTotal revenue was $140.5 billion, up 4.3%, negatively... More