Walmart Set to Shine: Earnings Predictions and Market Momentum

Wall Street anticipates that Walmart Inc WMT will report earnings of 64 cents per share when it releases its fourth-quarter financial results before the market opens on Thursday.

Analysts also project revenues to reach $180.25 billion.

Over the past year, the stock has surged by 76.94%, and year-to-date, it has increased by 15.24%.

Next, we’ll explore the current trends in Walmart stock and how they align with Wall Street’s expectations.

Bullish Trends for Walmart Ahead of Earnings

The indicators for Walmart stock show a strong bullish trend. The share price is currently trading above key moving averages, suggesting consistent buying interest. As it stands, Walmart’s stock sits above its five-day, 20-day, and 50-day exponential moving averages.

Chart created using Benzinga Pro

The current price of Walmart shares is $103.69, significantly higher than its eight-day simple moving average of $103.34, its 20-day average of $100.16, and its 50-day average of $95.63, all of which support a bullish outlook.

Moreover, Walmart’s price is notably above its 200-day simple moving average of $79.74, reinforcing its long-term positive trend.

Technical indicators also highlight this bullish sentiment. The Moving Average Convergence Divergence (MACD) indicator is at 2.87, indicating a positive momentum. Meanwhile, the Relative Strength Index (RSI) stands at 69.10, approaching overbought conditions, yet showing robust demand for the stock.

As long as Walmart’s stock price stays above these crucial technical levels, it is likely to continue on its upward path.

Analysts Predict 10% Potential Growth for Walmart

Ratings & Consensus Estimates: The consensus among analysts is a Buy for Walmart stock, with a price target averaging $102.07. Recent ratings from Piper Sandler, Baird, and Barclays suggest a 9.50% potential upside for WMT stock, with a target averaging $113.67.

Stock Price Action: At the time of this report, Walmart stock was trading at $103.64.

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