Walmart Q4 and full-year results announced
22 February 2023Walmart Inc. (NYSE:WMT) announced Q4 and full-year financial results before the market open on Wall Street on Tuesday.
World’s largest supermarket chain posted solid results for the quarter – beating both revenue and earnings per share (EPS) estimates.
The company reported revenue of $164.048 billion (up by 7.3% year-over-year) vs. $159.759 billion expected.
EPS reported at $1.71 per share for the quarter vs. $1.518 EPS estimate.
Full-year revenues reached $611.3 billion (up by 6.7% vs. a year prior) and EPS at $6.29 per share.
CEO commentary
”We’re excited about our momentum. The team delivered a strong quarter to finish the year, and as our results in the last two quarters show, they acted quickly and aggressively to address the inventory and cost challenges we faced last year. We built momentum in the third quarter and that continues. We are well-positioned to start this fiscal year,” Doug McMillon, CEO of Walmart said in a press release following the latest results.
Stock reaction
The results did not have a big impact on the share price Tuesday. The stock was up by 0.61% at $147.21 a share.
Stock performance
- 1 month: +3.29%
- 3 months: -2.53%
- Year-to-date: +3.91%
- 1 year: +6.77%
Walmart stock price targets
- Cowen & Co.: $180
- Telsey Advisory Group: $165
- Morgan Stanley: $161
- Gordon Haskett: $155
- Barclays: $159
- Oppenheimer: $160
- Tigress Financial: $176
- UBS: $168
- Credit Suisse: $170
- Bernstein: $159
Walmart is the 18th largest company in the world with a market cap of $397.31 billion.
You can trade Walmart Inc. (NYSE:WMT) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: Walmart, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap
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