** Shares of Walmart WMT.N are up 1.3% in afternoon trading Wed, with the retailer seen reporting higher yr-over-yr rev in its qtrly results due before the bell on Thurs

** Analysts expect Q1 rev to rise to $165.88 bln from $161.51 bln a yr ago and adj EPS of 58c/shr vs 60c a yr ago, according to LSEG

** Investors will be keen to hear if Walmart makes any changes to its outlook

** The company on April 9 maintained its full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to tariffs

** A tariff war had been escalating between the U.S. and China, but on Monday, the two countries announced a truce, with the U.S. dropping the extra tariffs it imposed on China this year to 30% from 145%, while China is cutting them to 10% from 125%

** Still, many retailers have had to stop shipments from China and used their inventories to stock shelves

** Analyst recommendations on WMT include 42 "strong buy" or "buy" ratings and two "hold" ratings, per LSEG

** The 12-mo median PT on WMT is $108, while the stock was last at $97.09

** Including the session move, WMT up >7% YTD compared with a roughly 1% decline in the Dow Jones industrial average .DJT in that period

(By Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))