Will Walmart Beat Estimates Again in Its Next Earnings Report?

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Walmart WMT. This company, which is in the Zacks Retail - Supermarkets industry, shows potential for another earnings beat.

This world's largest retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.24%.

For the most recent quarter, Walmart was expected to post earnings of $0.52 per share, but it reported $0.60 per share instead, representing a surprise of 15.38%. For the previous quarter, the consensus estimate was $0.55 per share, while it actually produced $0.60 per share, a surprise of 9.09%.

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Walmart currently has an Earnings ESP of +1.06%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 15, 2024.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

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