Walmart Earnings Expected to Rise by 7.4% in Upcoming Quarter

Walmart (WMT) is expected to report year-over-year growth in earnings when it releases its quarterly results on August 20. According to estimates, the company will post $0.73 per share, a 7.4% increase from last year's quarter. Revenues are also anticipated to rise by 5%, reaching $186.32 billion.

The consensus estimate has remained unchanged over the past 30 days, indicating that analysts have collectively reassessed their initial estimates without changing them. However, a closer look at the data reveals that the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.71%.

This combination of an Earnings ESP and a Zacks Rank of #4 makes it challenging to predict with confidence whether Walmart will beat the consensus EPS estimate. The company's surprise history also shows that it has beaten consensus EPS estimates three times over the last four quarters, but not consistently.