Walmart WMT reported its Q2 earnings results on Tuesday, August 16, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Walmart beat estimated earnings by 9.26%, reporting an EPS of $1.77 versus an estimate of $1.62.
Revenue was up $11.81 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 6.79% drop in the share price the next day.
Here’s a look at Walmart’s past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.48 | 1.50 | 1.40 | 1.56 |
| EPS Actual | 1.30 | 1.53 | 1.45 | 1.78 |
| Revenue Estimate | 138.88B | 151.54B | 135.60B | 136.88B |
| Revenue Actual | 141.57B | 152.87B | 140.53B | 141.05B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Walmart management provided guidance for FY 2023, expecting earnings between $5.75 and $5.88 per share.
To track all earnings releases for Walmart visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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