Walmart Inc. (NYSE:WMT) shares are moving on Monday. The company will report its second-quarter earnings on Thursday.
What To Know:
Walmart will release its second-quarter financial reports on Thursday before the market open and will host a conference call to discuss the results at 8:00 a.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report earnings of $1.69 per share and revenues of $159.93 billion for the second quarter.
Several analysts updated their ratings and price targets for WMT on Monday:
- Stifel analyst Mark Astrachan maintained Walmart with a Hold and raised the price target from $163 to $167.
- Guggenheim analyst Robert Drbul maintained Walmart with a Buy and raised the price target from $170 to $180.
- Evercore ISI Group analyst Greg Melich maintained Walmart with an Outperform and raised the price target from $173 to $180.
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WMT Price Action: According to Benzinga Pro, Walmart shares are trading down by 0.71% at $160.05 at the time of publication.
Image: Courtesy of Walmart, Inc.
