Walmart (WMT) is slated to report earnings before the market opens Tuesday for the third quarter of fiscal 2025, with analysts expecting improving sales as Walmart continues to expand its customer base across income levels.
Analysts are bullish on the retail giant’s stock, with 22 of the 23 analysts covering Walmart tracked by Visible Alpha rating the stock as a “buy” and just one analyst calling it a “hold.” However, some analysts may be waiting for the results of Walmart’s latest quarter to adjust their outlook on the stock’s future: The average target price of $86.43 is roughly 3% above Friday’s close.
Walmart is projected to report quartelry revenue at $167.73 billion, up from $160.8 billion at the same time last year. The retailer is expected to post net incomeof $4.24 billion, up from $453 million last year, when its profits were hit by negative changes to the value of some of its …