TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Should I buy Walmart shares after Q3 results?

by souhaib
November 16, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Walmart Inc (NYSE: WMT) shares have weakened more than 2% this Tuesday, even though the company reported strong third-quarter results. Momentum continues with strong sales and profit growth in each company segment despite the various industry challenges.

Momentum remains strong

Walmart reported strong third-quarter results this Tuesday; total revenue has increased by 4.3% Y/Y to $140.5 billion, $6.34 billion above expectations, while the Non- GAAP earnings per share were $1.45 (beats by $0.06).


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Walmart U.S. comp sales grew 9.2% in the third quarter, eCommerce sales had increased 8% compared with strong sales gains last year, and the company has achieved strong market share gains in grocery. Brett Biggs, CFO of Walmart, added:

Walmart’s U.S. comp sales momentum remains strong at 15.6% on a 2-year stack to impart the strong U.S. consumer spending and some inflation. Strength in China, Mexico, and India led to international sales growth of more than 10 % in constant currency.

The retail market continues to improve based on positive consumer behavior trends, which are seen to recapture the share lost to conventional grocers during the pandemic.

Walmart repurchased $2.2 billion of stock during the third quarter and $7.4 billion year-to-date, which is significantly more than last year. Walmart’s 1.5% dividend looks safe, and the board of directors is taking action to protect profitability from inflation.

The company’s management expects U.S. comp sales growth in the fourth quarter around 5%, while the adjusted earnings per share for the full 2021 fiscal year should be around $6.40. Bank of America has a buy rating on Walmart shares and a price objective of $190 per share following a strong quarterly report.

According to Bank of America, Walmart is very well-positioned for the holiday quarter and continues to support stronger inventory positioning and the ability to mitigate cost pressure vs. smaller peers amidst supply chain and labor disruption issues.

$140 represents the strong support

Walmart’s stock price has fallen more than 5% after reaching the highest level in November 2021 of $152, and for now, bears remain in control of the price action.

Should I buy Walmart shares after Q3 results?
Data source: tradingview.com

Walmart shares are trading at monthly lows, and if the price falls below $140 support, the next target could be $135.

On the other side, if the price jumps above $150 resistance, it would signal trading shares, and the next target could be at $155 or even above.

Summary

Walmart reported strong third-quarter results this Tuesday, and the company’s management expects U.S. comp sales growth in the fourth quarter around 5%. Bank of America has a buy rating on Walmart shares and a price objective of $190 per share following a strong quarterly report.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Skilling, simple, easy to use and regulated. Register here >



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Greek PM demands return of Elgin Marbles in awkward clash with Boris Johnson at Downing Street

Next Post

The White House bans the entry into the US of officials of the Nicaraguan regime | International

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

The White House bans the entry into the US of officials of the Nicaraguan regime | International

No Result
View All Result

Recent Posts

  • The extreme right in the United States, a murderous poisoning of minds
  • Dollar remains at two-decade high as yuan sinks By Reuters
  • Resident Evil: Netflix shows the first trailer for the horror series
  • JetBlue launches takeover bid for Spirit Airlines
  • A “horrific” image and a “horror movie” .. a Kadesh player complains about Hazard | Football

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.