Walmart Inc reports results for the quarter ended April 30 - Earnings Summary

• Walmart Inc WMT.N reported quarterly adjusted earnings of 61 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 55 cents to 61 cents per share.

• Revenue rose 2.5% to $165.61 billion from a year ago; analysts expected $165.84 billion.

• Walmart Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $4.49 billion.

• Walmart Inc shares had risen by 10.3% this quarter and gained 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.6% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 42 "strong buy" or "buy," 2 "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 $108.00

This summary was machine generated from LSEG data May 15 at 02:30 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)