Yet another major name in the retail industry is going to be reporting its quarterly earnings this week. The company is expected to report weaker performance when compared to its realized EPS for the same quarter last year, and also to register lower revenue streams when compared to the previous quarterly report.
The consensus is for EPS of $1.02 which is going to rank lower than the reported $1.14 EPS for the same quarter last year and also measure a noticeable decrease of 39 cents per share compared to the previous earnings report on the 19th of February 2019.
Nonetheless, Walmart has managed to surpass the initial expectations on every occasion during the last four reports, which gives investors certain hopes that the company might outperform itself once again and thus surprise the market. After the previous EPS report, the overall market surprise amounted to 6.02%, which correspondingly led to a spike in the company’s stock price with 2.21% in the intraday trading session.