What to expect from Wal-Mart's quarter
Wall Street wants to see profit and sales rise by about 6% from a year earlier.
Wal-Mart (WMT) will unveil its fiscal first quarter earnings on Thursday. The company operates Wal-Mart discount stores, neighborhood markets and Sam's Club locations.
Here's what you can expect to see.
Wall Street wants profit: The average analyst estimate is for a profit of $1.04 per share, up 6.1% from a year earlier. Expectations have dropped slightly; the average estimate was $1.06 three months ago. But over the last month, the average estimate has held steady at $1.04. For the full year, analysts are projecting profit to rise by 8% to $4.85 a share.
Past earnings disappointment: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of $1.44 per share versus a mean estimate of $1.45. Two quarters ago, it reported profit of 97 cents per share.
Revenue expectations: Analysts predict a rise of 6.1% in revenue from a year earlier to $110.5 billion.
Analyst ratings: Analysts are generally bullish on the stock, with 10 analysts rating it as a "buy," one rating a "sell" and 11 telling investors to hold.
A look back: In the fourth quarter of the last fiscal year, profit fell 14.7% to $5.16 billion ($1.50 a share) from $6.06 billion ($1.68 a share) a year earlier, missing analyst expectations. Revenue rose 5.9% to $123.17 billion from $116.36 billion.
Key stats:
In the last fiscal year, revenue rose 8.1% in the third quarter, 5.4% in the second quarter and 4.3% in the first quarter (from the year-ago periods). The company's net income has fallen in the last two quarters.
Stock price performance: The stock has fallen 3% in the last three months. In early March, however, the stock price saw one of its best stretches of the last year when shares rose for eight straight days, increasing 4.5% over that span. That was a significant improvement from last summer, when shares fell for 10 straight days at the end of July and in early August, dropping 8.1% over that period.
Derek Hoffman is the CEO at Wall St. Cheat Sheet. As of this writing, he did not own a position in any of the aforementioned stocks.
More from Wall St. Cheat Sheet
- What's the Future of Microsoft's Stock?
- Intel plays the World's Smallest Violin for Cisco
- Do Eric Sprott and China Still Believe in Gold?
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
MORE ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
LATEST POSTS
With Europe mired in recession, China faltering, commodities declining and stocks looking vulnerable, investors seeking safety will look to the greenback.
FIDELITY VIEWPOINTS
- How to sell covered calls - Fidelity Investments
- Savvy year-end tax moves to consider now - Fidelity Investments
- Seven ways to prepare for tax changes
- Five reasons an annual review is crucial - Fidelity Investments
- Take a look at mid caps now - Fidelity Investments
- State of the sector: Health care - Fidelity Investments
VIDEO ON MSN MONEY
ABOUT
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
