Financial Report Preview | Customer base continues to expand, Walmart Inc. (WMT.US) sales expected to continue growing

date
18/11/2024
avatar
GMT Eight
Walmart Inc. (WMT.US) is scheduled to release its third-quarter earnings report for the fiscal year 2025 before the US market opens on Tuesday. Wall Street analysts predict that with Walmart Inc. constantly expanding its customer base at various income levels, its sales will improve, with third-quarter revenue reaching $167.73 billion, a 4% increase from $160.8 billion in the same period last year. In addition, analysts estimate that Walmart Inc.'s net profit for the third quarter will be $4.24 billion, higher than the $453 million in the same period last year (affected by negative changes in some investment values); adjusted profit is expected to be $4.26 billion. Analysts from Bank of America Corp recently stated that they believe Walmart Inc.'s market share at different income levels will continue to grow in the most recent quarter. Melius Research analysts also pointed out that this retailer has been preparing for "tremendous pressure from the macroeconomic environment" in recent years, in which the company can win customers from discount retailers and other competitors with smaller packaging and lower prices. At the same time, the company is also investing in convenience features, such as faster delivery for Walmart Inc. + members. Analysts from Bank of America Corp also mentioned that advertising revenue is a key part of Walmart Inc.'s business, with its high profit margin helping to increase the company's overall profit. Among the 23 analysts tracking Walmart Inc.'s stock, 22 have given it a "buy" rating, while the remaining 1 has given it a "hold" rating. The average target price for the stock is $86.43, about 3% higher than the closing price last Friday. However, some analysts may be waiting for Walmart Inc.'s upcoming performance announcement to adjust their expectations for the stock's future.

Contact: contact@gmteight.com