Walmart Inc. (NASDAQ:WMT) on Thursday reported first-quarter results that topped revenue estimates but reaffirmed full-year guidance below Wall Street expectations.
Adjusted earnings came in at 66 cents per share, matching analyst estimates. Revenue increased 7.3% year over year, or 5.9% in constant currency, to $177.8 billion, ahead of consensus estimates of $175.0 billion.
Looking ahead, Walmart forecast second-quarter adjusted earnings of 72 cents to 74 cents per share, below analyst expectations of 75 cents. The company also projected quarterly revenue of $182.8 billion to $184.6 billion, trailing consensus estimates of $186.4 billion.
Walmart reaffirmed fiscal 2027 guidance, projecting adjusted earnings of $2.75 to $2.85 per share on revenue of $731.1 billion to $738.2 billion. Both ranges remain below Wall Street forecasts of $2.94 per share and $742.6 billion in revenue.
Walmart shares fell 1.2% to trade at $119.91 on Friday.
These analysts made changes to their price targets on Walmart following earnings announcement.
- BNP Paribas analyst Chris Bottiglieri maintained Walmart with an Outperform rating and lowered the price target from $147 to $146.
- RBC Capital analyst Steven Shemesh maintained the stock with an Outperform rating and lowered the price target from $140 to $137.
Considering buying WMT stock? Here’s what analysts think:
Photo via Shutterstock