Wall Street analysts expect that as Walmart continues to expand its customer base across various income levels, its sales will improve, with third-quarter revenue reaching $167.73 billion, a 4% increase from $160.8 billion in the same period last year.
$Walmart (WMT.US)$ The third-quarter financial report for fiscal year 2025 will be released before pre-market trading on Tuesday. Wall Street analysts expect that as Walmart continues to expand its customer base across various income levels, its sales will improve, with third-quarter revenue reaching $167.73 billion, a 4% increase from $160.8 billion in the same period last year. Additionally, analysts expect Walmart's third-quarter net income to be $4.24 billion, up from $0.453 billion in the same period last year (impacted by certain negative changes in investment valuation); adjusted profits are expected to be $4.26 billion.
Analysts from Bank of America recently stated that they believe Walmart's market share across different income levels will continue to grow in the most recent quarter. Analysts from Melius Research also pointed out that the retailer has been working to prepare for the "pressure-laden macroeconomic environment" in recent years, in which the company can attract customers from discount retailers and other competitors with smaller packaging and lower prices. At the same time, the company is also investing in convenience features, such as providing faster delivery for Walmart+ members.
Analysts from Bank of America also noted that advertising revenue is a key part of Walmart's business, and its high profit margins help boost the company's overall profits.
Among the 23 analysts tracking Walmart stocks, 22 have given a "buy" rating, while the remaining 1 has given a "hold" rating. The average target price for the stock is $86.43, which is about 3% higher than the closing price last Friday. However, some analysts may be waiting for Walmart's upcoming performance announcement to adjust their expectations for the stock's future.
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