Walmart Inc WMT announced strong second-quarter results and raised full-year guidance on Thursday.
The retailer reported adjusted EPS of 67 cents (+9.8% Y/Y), beating the consensus of 64 cents. Sales were $169.34 billion, up 4.8% year over year or 5.0% (at constant currency), beating the consensus of $168.57 billion.
Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its sales outlook is $164.58 billion-$166.17 billion vs. $167.11 billion estimate.
For FY25, the big box retailer raised its adjusted EPS outlook to $2.35-$2.43 (from $2.23-$2.37), vs. the consensus of $2.43. Walmart boosted FY25 net sales (at constant currency) growth guidance to 3.75%-4.75% from 3.0%- 4.0%.
Walmart shares gained 6.6% to close at $73.18 on Thursday.
These analysts made changes to their price targets on Walmart following earnings announcement.
Telsey Advisory Group analyst Joe Feldman maintained Walmart with an Outperform and raised the price target from $75 to $82.
![](https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16080205/image-131-1024x494.png)
Morgan Stanley analyst Simeon Gutman maintained Walmart with an Overweight and boosted the price target from $75 to $82.
![](https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16080229/image-132-1024x504.png)
Read More:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.