Wal-Mart Earnings Preview For Aug, 2013
Wal-Mart Stores Inc. (WMT)
Background: Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sam?s Clubs, and neighborhood markets, as well as walmart.com; and samsclub.com.
Wal-Mart is anticipated to report good second-quarter earnings before the market opens on August 15, 2013.
The consensus estimate is currently $1.25 a share, an improvement of 7 cents (5.6%) from $1.18 during the same period last year. The lowest analyst estimate this report is $1.23 per share, and the highest is $1.27 per share.
Shareholders receive $1.88 annually in dividend payments. The yield based on a recent price is 2.4%.
Most of the analysts are bestowing this company a hold rating. 14 out of 27 are now rendering a hold recommendation. 13 recommend this as a buy and no analysts recommend selling. The stock appreciated 4.6% in the last year, and the average analyst target price for Wal-Mart is $82.62.
The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.3% of the average trading float.