Walmart (WMT) is scheduled to report its first-quarter earnings results before the opening bell on May 17, and all the eyes will be on how much the retailer is resistant towards the Amazon (AMZN) effect. In the previous earnings announcement, the company had reported an ominous decline in online sales from 50% in third quarter to just 23% in the fourth.
Walmart had earlier reassured investors that there will be an improvement in the online sales this year and that the company is willing to boost its expenditure to achieve the growth targets.
The retailer had projected online sales growth of nearly 40% in 2018, and the first quarter results will reveal any hints at whether it will be able to achieve this goal.
In the first quarter, Walmart estimates EPS of $1.12 on sales of $120.4 billion. Sales is expected to grow 2.5% year-over-year driven by its home market, which is predicted to contribute about $77.8 billion.
For the past three months, the retail company’s stock has been down 18.3% and year-to-date the shares have been down 14.5%.
Other major retailers reporting their earnings this week include Macy’s (M), JC Penney (JCP), and Nordstrom (JWN).
Most Popular
Key highlights from Autodesk (ADSK) Q4 2021 earnings results
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic stock tanks on delayed test flight
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000
