Positive.

From Nasdaq: 2024-08-13 14:45:00

Walmart Inc. (WMT) shares are up 30.7% this year, outperforming the Retail – Supermarkets industry’s gain of 28.3%. The stock price closed at $68.70 on Aug. 12, above its 50-day moving average, indicating a positive trend. Walmart’s investments in AI, e-commerce, and ad business are driving growth.

Positive Q2 earnings expected for Walmart. Estimates suggest an EPS of 65 cents, up 6.6% from last year. The company has a history of positive earnings surprises and a potential for strong growth. Brokerage firms have raised short-term price targets for Walmart, indicating further potential for stock price growth.

Despite a high PE ratio, Walmart’s stock is believed to have future profit potential, leading to increased demand. The company’s impressive ROE, strong earnings growth rate, and positive analyst outlook make it an attractive investment opportunity for investors seeking returns. Walmart is rated as a Buy with strong growth prospects.

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Read more at Nasdaq: Walmart Share Price on Upswing Before Q2 Earnings: Time to Buy?