Wall Street Expects Solid Earnings For Walmart

Helped by a strong holiday season, favorable foreign exchange rates and tax reform boon, Walmart Inc. is expected to report solid earnings on Tuesday (Feb. 20) for its fourth quarter and fiscal year 2018.

Wall Street consensus for fourth-quarter earnings is $1.42 per share, up from $1.30 a year ago on revenue of $134.5 billion. Revenue is expected to rise 2.7% from the prior year period. Full-year profits of $4.49 per share, are expected in the fourth quarter ending Jan.31, which would represent a 4% year-over-year gain. Total revenue is forecast to top $498 billion, inching closer toward the half-trillion dollar level. Revenue is expected to grow nearly 3% from a year ago.

Analysts don’t expect any surprises with Walmart as the retail giant has given wide guidance and hit the dead center of that range for the past eight quarters.    MORE

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