Walmart (WMT) Stock: What Analysts Are Saying After Q2 Earnings Miss
TLDR
- Walmart posted Q2 adjusted EPS of $0.81, beating the $0.74 consensus, with revenue of $187.9 billion, up 5.9% year-over-year.
- Walmart-only U.S. comparable sales grew just 2.6%, missing the 3.67% estimate, the slowest U.S. sales growth in six years.
- WMT stock dropped around 7% in premarket, falling below where it started the year.
- Q3 adjusted EPS guidance came in at $0.62 to $0.64, with full-year EPS guidance raised to $2.80 to $2.87.
- Analysts at Jefferies, RBC, UBS, and Evercore ISI all maintained bullish ratings, calling the miss a macro issue, not a Walmart-specific problem.
Walmart (WMT) stock dropped roughly 7% in premarket trading on Thursday after the retailer posted U.S. comparable sales growth of 2.6%, well below the 3.67% consensus estimate. That miss sent the stock below where it began the year.
The company reported Q2 adjusted earnings per share of $0.81, topping the $0.74 analyst estimate. Revenue came in at $187.9 billion, up 5.9% year-over-year and above the $186.75 billion forecast.
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