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StockNews.com
StockNews.com
Business
Anushka Mukherjee

WMT Earnings Watch Strategy: Buy or Hold Decision?

Retail giant Walmart Inc. (WMT) is slated to announce its fourth-quarter and full-year earnings results on February 20, 2024. Wall Street expects its fourth-quarter revenue to surge by 4% year-over-year to $169.26 billion, while its EPS for the same quarter is projected to come in at $1.65.

WMT boasts an exceptional track record of surpassing its revenue and EPS estimates in each of the trailing four quarters. In the third quarter, the company witnessed solid growth in both its topline and bottom-line figures. WMT’s revenue saw an uptick driven by the robust performance of its grocery and e-commerce ventures.

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