Walmart Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Walmart Inc. WMT is projected to release financial results for its third quarter, before the opening bell on Nov. 16, 2023.

Analysts expect the company to post quarterly earnings at $1.52 per share, up from year-ago earnings of $1.50 per share. The company’s revenue might come in at $159.55 billion for the latest quarter.

Walmart recently announced plans to open its fifth 'next-generation' fulfillment center in Stockton, California, in 2026.

Walmart shares gained 1.3% to close at $169.78 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Mark Astrachan maintained a Hold rating and raised the price target from $169 to $171 on Nov. 13, 2023. This analyst has an accuracy rate of 83%.
• Stephens & Co. analyst Ben Bienvenu maintained an Overweight rating and increased the price target from $185 to $190 on Nov. 13, 2023. This analyst has an accuracy rate of 69%.
• Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $182 to $196 on Oct. 25, 2023. This analyst has an accuracy rate of 64%.
• Piper Sandler analyst Edward Yruma reiterated an Overweight rating with a price target of $210 on Sept. 27, 2023. This analyst has an accuracy rate of 74%.
• Evercore ISI Group analyst Greg Melich maintained an Outperform rating and raised the price target from $175 to $177 on Sept. 8, 2023. This analyst has an accuracy rate of 63%.

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