PREVIEW: Walmart shares edge up Wed; to report results early Thursday

Shares of Walmart WMT.N are up 1.3% in afternoon trading Wed, with the retailer seen reporting higher yr-over-yr rev in its qtrly results due before the bell on Thurs

Analysts expect Q1 rev to rise to $165.88 bln from $161.51 bln a yr ago and adj EPS of 58c/shr vs 60c a yr ago, according to LSEG

Investors will be keen to hear if Walmart makes any changes to its outlook

The company on April 9 maintained its full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to tariffs

A tariff war had been escalating between the U.S. and China, but on Monday, the two countries announced a truce, with the U.S. dropping the extra tariffs it imposed on China this year to 30% from 145%, while China is cutting them to 10% from 125%

Still, many retailers have had to stop shipments from China and used their inventories to stock shelves

Analyst recommendations on WMT include 42 "strong buy" or "buy" ratings and two "hold" ratings, per LSEG

The 12-mo median PT on WMT is $108, while the stock was last at $97.09

Including the session move, WMT up >7% YTD compared with a roughly 1% decline in the Dow Jones industrial average .DJT in that period