BUY WALMART STOCK ON A DIP IN THE BUY ZONE
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Walmart (WMT) earnings beat expectations, but guidance was below expectations.
From the Morning Capsule,
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Walmart easily beat the earnings estimates.
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Earnings came at $1.71 vs. $1.52 consensus.
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Revenues came at $164B vs. $159.7B consensus.
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Same store sales, open for more than a year jumped 8.3% vs. 4.9% consensus.
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The great earnings from Walmart is the road behind. Prudent investors need to focus on the road ahead. Here is the road ahead as Walmart sees it.
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For fiscal 2024, Walmart sees earnings in the range of $5.90 – $6.05 vs.
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February 22, 2023