Walmart (NYSE: WMT) stock price trend forecast and market analysis:
2022.12.29 From the stock chart analysis, the recent stock price has fallen from the high of $154 of the rebound, and the probability of short-term stock prices fluctuating above and below the 60-day moving average is very high. If the stock price falls below $135, it may start a new short-term downtrend, and it is recommended that the short-term transactions buy price be held above $135 or sell high and buy low. Medium-term holding has a lower chance of profit. The recommended short-term and medium-term stop loss price is $135. From Analysis from financial statements, Q3 2023 achieved revenue of $152.8 billion, YoY +8.7%, net income attributable to common shareholders -$1.798 billion, YoY-157.9%, EPS -$0.66. The company’s long-term holding value remains unchanged, and it is recommended to control the buying point at about $120 for long-term holding, and it is recommended that the maximum position should not exceed 20%.
Historical Forecast Record:
2022.12.08 From the analysis of stock technical graphics, the recent stock price has the risk of falling, but the upward trend has not ended, it is recommended that short-term trading and medium-term trading move the stop loss price up to $142, continue to maintain the mid-line holding or high selling low absorption, the stock price can stop falling and stabilize to make up.
2022.11.15 From the technical chart, affected by the financial report exceeding expectations, the pre-market rose sharply, the stock price mid-line rebound trend was established, it is recommended that the mid-term trading and short-term trading move the stop loss level up to $140, and short-term trading only above $140 high and sell low.
Key Quote Data:
52 Week Range: 117.27-160.77
P/E Ratio(TTM): 43.93
EPS(TTM): $3.24
Market Cap: $381.03 B
Number of employees: 2300000 historical data
Summary of recent financial statements
2022.11.15 Q3 FY2023 achieved revenue of US$152.8 billion, YoY +8.7%, net income attributable to common shareholders -US$1.798 billion, YoY-157.9%, EPS -US$0.66. Raised the FY2023 adjusted EPS growth forecast to 6%-7% from 8%-10%. Non-GAAP earnings per share for the third quarter were $1.5, above estimates of $1.32, and revenue of $152.8 billion, up 8.8% year-over-year and $6.0 billion higher than expected. Walmart America’s sales increased by 8.2% year-on-year in the third quarter, and the cumulative increase in two years was 17.4%; The year-on-year growth of e-commerce was 16%, and the cumulative growth in two years was 24%; Sam’s Club sales were 10% year-over-year, and sales increased 23.9% in the two years; Member revenue increased by 8%, and the number of members reached a record high; Walmart International’s net sales were $25.3 billion, up 7.1% year-over-year. Global advertising grew by more than 30 percent, with Walmart Connect in the U.S. up 40 percent and Flipkart Ads also performing strongly. For the fourth quarter, Walmart expects consolidated net sales growth of approximately 3%, negatively impacted by currency fluctuations of approximately $1.3 billion; Walmart’s consolidated U.S. sales (excluding fuel) were approximately 3%; Consolidated operating increased by 1.0% year-on-year to decreased by 1.0%; Adjusted earnings per share declined 3% to 5%. For fiscal 2022, consolidated net sales increased by 5.5%, compared to the consensus expectation of an increase of 5.06%. Walmart’s consolidated U.S. sales (excluding fuel) increased approximately 5.5%; Comprehensively adjusted operating income decreased 6.5% to 7.5%, an improvement from the company’s previous guidance for decline. Announcing a new $20 billion share repurchase program.
Walmart Inc. Condensed Consolidated Statements of Income
About Walmart Inc. (NYSE: WMT)
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and numerous eCommerce websites under 46 banners in 24 countries. With fiscal year 2022 revenue of $573 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.