It also provides power tools, garden supplies, and construction products to the Midwestern United States and rural areas. The company has strategic locations in cities across all regions of the US and Canadian markets. Home Depot has exceptional brand recognition in the home improvement industry. More than one million products are listed to help consumers find the right thing for them. Home Depot has developed its online presence to compete with eCommerce stores. The company has reported revenue of $151.16 billion and net income of $16.43 billion this year. It is listed on the New York Stock Exchange under the ticker symbol HD. The company is known as the largest hardware retailer in the world.Īs of 2019, there are over 400,000 employees working for Home Depot. Part of its offerings to the public are installation and machinery rental. (KR) : Free Stock Analysis Report To read this article on click here.There is also an outdoor area full of gardening equipment, plants, and outside furniture. (WMT) : Free Stock Analysis Report The Kroger Co. Click to get this free report Walmart Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Kroger's revenues are expected to be $34.81 billion, up 5.3% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This supermarket chain is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of +2.2%. The results are expected to be released on March 2. One other stock from the same industry, Kroger (KR), is yet to report results for the quarter ended January 2023. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Retail - Supermarkets is currently in the top 3% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is $1.37 on $146.77 billion in revenues for the coming quarter and $6.49 on $627.3 billion in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Ahead of this earnings release, the estimate revisions trend for Walmart: mixed. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. What's Next for Walmart? While Walmart has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Walmart shares have added about 3.3% since the beginning of the year versus the S&P 500's gain of 6.2%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $152.87 billion. Walmart, which belongs to the Zacks Retail - Supermarkets industry, posted revenues of $164.05 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 2.75%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. A quarter ago, it was expected that this world's largest retailer would post earnings of $1.32 per share when it actually produced earnings of $1.50, delivering a surprise of 13.64%. This quarterly report represents an earnings surprise of 12.50%. These figures are adjusted for non-recurring items. This compares to earnings of $1.53 per share a year ago. Source: Yahoo Walmart: Walmart (WMT) Q4 Earnings and Revenues Beat Estimates Walmart (WMT) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.52 per share.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |