From Nasdaq:

Walmart shares took a hit post-quarterly release on November 16, losing over 10% of their value. However, the stock has made an impressive rebound, currently trading at its 52-week high, outperforming the market since January 2024. The upcoming Q4 earnings are expected to see an increase, as the company is estimated to bring in $1.65 per share in earnings on $170.6 billion in revenues. Meanwhile, Zacks Investment Research provides coverage on the Retail sector 2023 Q4 earnings season scorecards for S&P 500 index companies, including retail and online vendors. Total Q4 earnings for retailers that have reported show a +72.4% increase from the same period last year on +10.7% higher revenues, with +88.2% beating EPS estimates and +58.8% beating revenue estimates. The chart below shows the one-year performance of retailers such as Walmart, Home Depot, and Target relative to the S&P 500 index.Image Source: Zacks Investment Research Standout features of the Q4 Earnings Season include an acceleration in earnings and revenue growth rates, with significant improvement in net margins. A notable change is observed in the Tech sector, which is back in growth mode. With 79.4% of Tech companies in the S&P 500 index having reported Q4 results already, total earnings are up +20.5% on +6.1% higher revenues, with 83.3% beating EPS estimates and 71.7% beating revenue estimates. The Tech sector is currently expected to bring in 28.6% of the index’s total earnings over the coming four-quarter period, making it the biggest earnings contributor to the S&P 500 index. Image Source: Zacks Investment Research



Read more: Retail Earnings Loom: What’s in ‘Store’?