Wal-Mart Stores, Inc. (NYSE:WMT) , the operator of discount stores, supermarkets and hypermarkets, came out with its third-quarter fiscal 2018 results, wherein earnings of $1.00 per share beat the Zacks Consensus Estimate of 97 cents, and increased couple of cents from prior-year quarter figure of 98 cents.
Management envisions fiscal 2018 earnings per share in the band of $4.38-$4.46. The current Zacks Consensus Estimate for the fiscal year stands at $4.38.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has improved by a penny in the past 7 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 2%.
Revenues: Wal-Mart generated total revenue of $123.2 billion that grew 4.2% year over year and also came ahead of the Zacks Consensus Estimate of $121.1 billion. Walmart U.S. comparable sales (excluding fuel) rose 2.7%, while traffic jumped 1.5%. U.S. e-commerce sales surged 50%. Management expects fourth quarter Walmart U.S. comparable sales (excluding fuel) to increase in the range of 1.5-2%.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote
Zacks Rank: Currently, Wal-Mart carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Wal-Mart’s shares are up 4.4% during pre-market trading hours following the company’s results.
Check back later for our full write up on Wal-Mart’s earnings report!
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Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
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