|
|
News Breaks | | | | February 20, 2013 | | 12:22 EDT |  | WMT | Earnings Preview: Wal-Mart sees in-line Q4 EPS, analyst says comps have peaked
Wal-Mart Stores (WMT) is scheduled to report Q4 before the market open on Thursday, February 21, with a conference call scheduled for 7:00 am ET. Wal-Mart operates retail stores in various formats under 69 different banners in 27 countries with its "everyday low price" philosophy... EXPECTATIONS: Analysts are looking for EPS of $1.57 on revenue of $128.85B, according to First Call. The consensus range for EPS is $1.52-$1.59 on revenue of $127.52B-$130.19B... LAST QUARTER: Wal-Mart reported Q3 EPS of 1.08 against estimates for $1.07, on revenue of $113.9B against estimates for $114.95B. The company forecast Q4 EPS $1.53-$1.58 and reaffirmed the top end of its FY EPS view of $4.88-$4.93, consensus $4.92. In a regulatory filing related, Wal-Mart stated that the board's Audit Committee was conducting an internal investigation into alleged violations of the U.S. FCPA and other alleged crimes or misconduct in connection with foreign subsidiaries, including Wal-Mart de Mexico, and whether prior allegations of such violations and/or misconduct were appropriately handled by the company. The company also said it was conducting a voluntary global review of its policies. During the quarter, the company reported its "best ever" Black Friday events, but CEO Mike Duke later said that the fiscal cliff was affecting shoppers. Bloomberg reported that the Mexican unit of Wal-Mart used a current state governor to facilitate $156,000 in bribes meant to help open stores, an ex-lawyer for the retailer told company officials in 2005, according to documents released by members of the U.S. Congress. Wal-Mart (WMT) executives said February sales are off to the worst monthly start in seven years, calling sales a "total disaster" in internal emails, Bloomberg also reported; the company responded to the Bloomberg report by saying that "internal communications may lack appropriate context" ... STREET RESEARCH: Cleveland Research said Wal-Mart's U.S. sales have slowed significantly over the last 3-4 weeks and that Q1 comps to date are running negative. The firm sees downside to consensus estimates for the year. Earlier this month, shares were downgraded to Neutral from Overweight at JPMorgan, as the firm believes comps have peaked given pressures from the payroll tax increase and that earnings growth will be challenged going forward following successful company initiatives... PRICE ACTION: Year-to-date, shares are up just over 1%. Ahead of earnings, shares are trading up almost 1%. | |
|
News For WMT From The Last 14 Days Check below for free stories on WMT the last two weeks. |
|
|
| May 15, 2013 | | 15:11 EDT | | WMT | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c. | | | 14:48 EDT |  | WMT | Wal-Mart May 80 straddle priced for 2.6% move into Q1
| | | 08:00 EDT |  | WMT | Wal-Mart price target raised to $88 from $78 at RW Baird
 Subscribe for More Information | | | 07:09 EDT | | WMT | Wal-Mart May volatility elevated into Q1 and revenue outlook
Wal-Mart May call option implied volatility is at 39, June is at 15, July and September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. | | | May 14, 2013 | | 18:45 EDT |  | WMT | Wal-Mart says won't sign Bangladesh factory proposal, Bloomberg reports
Wal-Mart says its plan will produce quicker results, according to Bloomberg. | | | 16:02 EDT | | WMT | Wal-Mart to raise inspection standards, transparency on Bangladesh factories
Subscribe for More Information | | | 16:01 EDT | | WMT | Wal-Mart to raise inspection standards on Bangladesh factories
Subscribe for More Information | | | 11:30 EDT | | WMT | Analysts differ on Wal-Mart sales trends in March, April
Subscribe for More Information | | | 08:06 EDT |  | WMT | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | | | 06:32 EDT | | WMT | Wal-Mart sales improved in March and April, says Jefferies
Jefferies said its research suggests that after a challenging start to the quarter, Wal-Mart's sales improved in March and April. The firm believes Wal-Mart shares will hold current levels or move higher should management confirm its research when reporting Q1 results. Jefferies keeps a Buy rating on Wal-Mart with a $90 price target. | | | | 06:09 EDT | | WMT | Wal-Mart removed from Top Picks Live list at Citigroup
Subscribe for More Information | |
|
|
|
|
|
|
