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Wal-Mart on deck to spill numbers

Published 11/16/2016, 11:27 AM
Wal-Mart on deck to spill numbers
US500
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WMT
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  • Wal-Mart (WMT +0.4%) heads into its Q3 earnings release date with a bit of momentum. A generally rosy post-election view on the retail sector and Target's solid report have shares currently lingering around the $72 level, although they trail the returns of the S&P 500 Index and broad retail ETFs over the last week.
  • Analysts expect the company to report Q3 revenue of $118.6B and EPS of $0.96.
  • A key pullout from the report will be the impact from higher wages and tech spending on the bottom line. Q4 guidance is always crucial of course due to the holiday spending factor. Perhaps overlooked, Buckingham Research notes that Wal-Mart needs to show how it can replace high-margin "impulse" buys as more shoppers shift online.
  • WMT earnings are due out in the morning before the bell.


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