Walmart Inc reports results for the quarter ended in April - Earnings Summary

• Walmart Inc WMT reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended in April, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of twenty nine analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 51 cents to 55 cents per share.

• Revenue rose 6% to $161.51 billion from a year ago; analysts expected $159.50 billion.

• Walmart Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $5.1 billion.

• Walmart Inc shares had fallen by 0.6% this quarter and gained 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food retail & distribution peer group is also "buy"

Wall Street's median 12-month price target for Walmart Inc is $66.54

This summary was machine generated from LSEG data May 16 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)