Walmart (WMT) Stock Is Down 24% From Its Highs: Buying Opportunity or a Warning?
TLDR
- Walmart stock has dropped 24% since its Q1 2026 earnings in May, currently trading at $103.09
- Q2 revenue came in at $187.94 billion, up 5.9% year over year, beating estimates, with EPS of $0.81 vs. $0.74 expected
- Q3 net sales guidance of 3% to 3.75% growth disappointed investors, triggering the stockโs biggest one-day drop since 2022
- The P/E ratio has fallen to 37, near its five-year average, with a dividend yield of 0.95% below the S&P 500 average of 1.04%
- Analysts hold a consensus โModerate Buyโ rating with an average price target of $131.88, though several firms have recently cut their targets
Walmart stock opened at $103.09 on Friday, down roughly 24% from its 52-week high of $135.15. The drop started after the company reported its Q1 2026 results in May, and the selling has continued since.
The stock is now trading below both its 50-day moving average of $111.90 and its 200-day moving average of $120.45. Its market cap sits at around $820 billion.
Q2 earnings were not the problem. Walmart reported EPS of $0.81, beating the $0.74 consensus estimate. Revenue of $187.94 billion also came in ahead of the $186.64 billion expected, up 5.9% year over year.
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