Reports Q3 2020 results on Thursday, Nov. 14, before the open
* Revenue expectation: $128.57 billion
* EPS expectation: $1.09
There are many good reasons Walmart (NYSE:WMT) stock has performed so strongly this year. The mega-store has defied the threat of recession, the lingering trade war with China and the onslaught by online retailers.
When the world’s largest retailer releases its latest quarterly numbers tomorrow, we may see a similar resilience. Walmart now forecasts comparable sales at the higher end of its previous 2.5% to 3% range, while earnings per share could now either increase or decrease slightly this year, compared with an earlier expectation of a low single-digit decline.
In its second-quarter, Walmart reported that comparable sales at its U.S. businesses rose 2.8%, beating analysts’ estimates, helped by a higher average ticket and market share gains in food, wellness items and toys.
If all goes as anticipated, Walmart should be able to post the 20th consecutive quarter of positive traffic at its U.S. stores. Online sales, which are becoming a larger contributor to reported same-store sales growth, should expand at least 30% year-over-year.