Analyst Consensus ?
ConsensusBuy65 ratings
Bullish4670.8%
Neutral1624.6%
Bearish34.6%
Walmart Inc. · WMT · FY2025 Q2 · Calendar Q3 2024
Walmart raises FY25 outlook as e-commerce and membership accelerate
The quarter supports the view that resilient demand and earnings growth can extend Walmart's trajectory, but the next test is whether e-commerce, marketplace, membership and advertising growth can scale without undue margin pressure.
Reported Before market openNASDAQConsumer Defensive
$954.09B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.67
Consensus $0.65
EPS surprise
+3.1%
Reported versus consensus
Reported revenue
$169.34B
Consensus $168.56B
Revenue surprise
+0.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.6%
Event window
SPY move
+1.7%
Same window
Abnormal move
+4.9%
Stock minus SPY
Volume
3.0×
Versus trailing sessions
Subsequent drift
+10.1%
Up to 20 sessions
WMTSPY benchmark
Ask FN2 about WMT FY2025 Q2
Transcript, numbers and history already loaded
Why did WMT rise 6.6% after beating EPS estimates in FY2025 Q2?What changed in WMT's guidance and outlook in FY2025 Q2?Give me the bull and bear case for WMT after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management moved from maintained guidance in the prior quarter to raised full-year guidance. The latest analysis also highlights faster e-commerce and marketplace growth, greater fulfillment automation, and expanded use of generative AI.
Guidance delta
Raised full-year FY25 sales and operating-income guidance after sales and profit exceeded expectations.
Key takeaways
- Q2 sales and operating income exceeded guidance, supporting a higher full-year outlook.
- Global e-commerce grew about 21%; marketplace sales rose 32%, while fulfillment automation expanded.
- Membership and advertising contributed over half of operating-income growth, alongside continued AI investment.
Management priorities
- Expand e-commerce, marketplace and delivery capabilities.
- Scale generative AI across catalog, search, shopping and seller tools.
- Increase fulfillment and distribution automation while expanding international operations.
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Analyst 52W Price Targets
$119.89Current
$44.29Low
$107.75Average
$155High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | Outperform | Outperform | Maintain | Oct 20, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 15, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 29, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 10, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 10, 2026 |
| Tigress Financial | Buy | Buy | Maintain | Aug 31, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 21, 2026 |
| UBS | Buy | Buy | Maintain | Aug 21, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 21, 2026 |
| Telsey Advisory Group | Outperform | Outperform | Maintain | Aug 21, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 21, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 21, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 21, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 21, 2026 |
| Guggenheim | Buy | Buy | Maintain | Aug 21, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 21, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | Aug 21, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 21, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Aug 4, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Jul 31, 2026 |
| Freedom Broker | Hold | Sell | Upgrade | May 21, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | May 11, 2026 |
| TD Cowen | Buy | Buy | Maintain | May 7, 2026 |
| HSBC | Hold | Buy | Downgrade | Feb 20, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Feb 13, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jan 8, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 21, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 17, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 22, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Apr 11, 2025 |
| Stifel | Hold | Hold | Maintain | Apr 9, 2025 |
| Roth MKM | Buy | Buy | Maintain | Feb 21, 2025 |
| Jefferies | Buy | Buy | Maintain | Dec 17, 2024 |
| Stephens & Co. | Overweight | Overweight | Maintain | Nov 13, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 11, 2023 |
| Gordon Haskett | Buy | Accumulate | Maintain | Apr 19, 2023 |
| Erste Group | Hold | Buy | Downgrade | Mar 28, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 15, 2023 |
| MKM Partners | Buy | Buy | Maintain | Nov 16, 2022 |
| Argus Research | Buy | Buy | Maintain | Aug 18, 2022 |
| Exane BNP Paribas | Neutral | Underperform | Upgrade | Feb 11, 2022 |
| R5 Capital | Buy | Hold | Upgrade | Aug 16, 2021 |
| DZ Bank | Buy | Hold | Upgrade | Oct 2, 2020 |
| Nomura Instinet | Buy | Buy | Maintain | May 20, 2020 |
| Nomura | Buy | Buy | Maintain | May 20, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Feb 19, 2020 |
| CFRA | Buy | Buy | Maintain | Feb 18, 2020 |
| Odeon Capital | Hold | Hold | Maintain | Jan 24, 2020 |
| Buckingham | Neutral | Neutral | Maintain | Feb 8, 2019 |
| Argus | Buy | Buy | Maintain | Aug 17, 2018 |
| Moffett Nathanson | Neutral | Neutral | Maintain | Dec 4, 2017 |
| Bank of America | Buy | Buy | Maintain | Nov 17, 2017 |
| Susquehanna | Outperform | Positive | Maintain | Feb 10, 2017 |
| PiperJaffray | Neutral | Neutral | Maintain | Oct 21, 2016 |
| Northcoast Research | Neutral | Buy | Downgrade | Jul 12, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Oct 5, 2015 |
| Edward Jones | Hold | Buy | Downgrade | Dec 3, 2014 |
| Sterne Agee | Neutral | Neutral | Maintain | Nov 4, 2014 |
| Gilford Securities | Buy | Neutral | Upgrade | Oct 10, 2014 |
| Belus Capital | Sell | Sell | Maintain | Jun 5, 2014 |
| William Blair | Underperform | Market Perform | Downgrade | Apr 15, 2014 |
| Oracle Investment Research | Sell | Sell | Maintain | Feb 19, 2013 |
| Buckingham Research | Neutral | Buy | Downgrade | Aug 1, 2012 |
| Bank oferica | Buy | Buy | Maintain | Jun 1, 2012 |
| Morgan Keegan | Outperform | Outperform | Maintain | Feb 22, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $119.89. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Deutsche Bank | Krisztina Katai | $136 | $116.16 | +13.4% | Oct 15, 2026 |
| Jefferies | Corey Tarlowe | $120 | $103.7 | +0.1% | Aug 21, 2026 |
| Deutsche Bank | Analyst unavailable | $113 | $102.79 | -5.7% | Aug 21, 2026 |
| Raymond James | Bobby Griffin | $130 | $102.71 | +8.4% | Aug 21, 2026 |
| Evercore ISI | Analyst unavailable | $125 | $102.64 | +4.3% | Aug 21, 2026 |
| Truist Financial | Analyst unavailable | $125 | $102.44 | +4.3% | Aug 21, 2026 |
| BMO Capital | Kelly Bania | $126 | $102.45 | +5.1% | Aug 21, 2026 |
| RBC Capital | Steven Shemesh | $131 | $103.84 | +9.3% | Aug 21, 2026 |
| Truist Financial | Scot Ciccarelli | $114 | $103.84 | -4.9% | Aug 21, 2026 |
| Robert W. Baird | Peter Benedict | $120 | $103.84 | +0.1% | Aug 21, 2026 |
| Piper Sandler | Analyst unavailable | $128 | $103.84 | +6.8% | Aug 21, 2026 |
| Wolfe Research | Spencer Hanus | $115 | $103.84 | -4.1% | Aug 21, 2026 |
| D.A. Davidson | Michael Baker | $132 | $103.84 | +10.1% | Aug 21, 2026 |
| Guggenheim | Robert Drbul | $130 | $103.84 | +8.4% | Aug 21, 2026 |
| Goldman Sachs | Kate McShane | $130 | $103.84 | +8.4% | Aug 21, 2026 |
| Gordon Haskett Capital Corporation | Analyst unavailable | $110 | $103.84 | -8.2% | Aug 20, 2026 |
| Guggenheim | Robert Drbul | $135 | $115.27 | +12.6% | Aug 17, 2026 |
| Bernstein | Analyst unavailable | $142 | $111.1 | +18.4% | Jul 31, 2026 |
| Mizuho Securities | David Bellinger | $130 | $109.47 | +8.4% | Jul 27, 2026 |
| Tigress Financial | Ivan Feinseth | $155 | $115.19 | +29.3% | May 29, 2026 |
| UBS | Analyst unavailable | $141 | $119.49 | +17.6% | May 22, 2026 |
| RBC Capital | Steven Shemesh | $137 | $121.34 | +14.3% | May 22, 2026 |
| Truist Financial | Scot Ciccarelli | $140 | $121.34 | +16.8% | May 21, 2026 |
| Piper Sandler | Peter Keith | $137 | $132.46 | +14.3% | May 15, 2026 |
| Bernstein | Zhihan Ma | $145 | $127.59 | +20.9% | May 12, 2026 |
| Wolfe Research | Analyst unavailable | $137 | $127.2 | +14.3% | May 11, 2026 |
| BTIG | Analyst unavailable | $145 | $130.79 | +20.9% | May 6, 2026 |
| Craig-Hallum | Analyst unavailable | $150 | $123.63 | +25.1% | Mar 6, 2026 |
| Raymond James | Bobby Griffin | $135 | $123.51 | +12.6% | Mar 6, 2026 |
| Tigress Financial | Analyst unavailable | $150 | $126.3 | +25.1% | Feb 25, 2026 |
| Truist Financial | Scot Ciccarelli | $139 | $122.12 | +15.9% | Feb 20, 2026 |
| D.A. Davidson | Michael Baker | $150 | $121.79 | +25.1% | Feb 20, 2026 |
| Telsey Advisory | Analyst unavailable | $140 | $121.31 | +16.8% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $145 | $122.21 | +20.9% | Feb 20, 2026 |
| Deutsche Bank | Analyst unavailable | $120 | $122.96 | +0.1% | Feb 20, 2026 |
| Jefferies | Analyst unavailable | $145 | $122.39 | +20.9% | Feb 20, 2026 |
| UBS | Michael Lasser | $147 | $122.85 | +22.6% | Feb 20, 2026 |
| Roth Capital | William Kirk | $138 | $122.38 | +15.1% | Feb 20, 2026 |
| Goldman Sachs | Analyst unavailable | $138 | $124.87 | +15.1% | Feb 20, 2026 |
| Bernstein | Analyst unavailable | $134 | $124.87 | +11.8% | Feb 20, 2026 |
| HSBC | Joseph Thomas | $131 | $124.87 | +9.3% | Feb 20, 2026 |
| D.A. Davidson | Michael Baker | $135 | $126.9 | +12.6% | Feb 18, 2026 |
| Redburn Partners | Analyst unavailable | $150 | $133.89 | +25.1% | Feb 17, 2026 |
| KeyBanc | Bradley Thomas | $145 | $133.64 | +20.9% | Feb 13, 2026 |
| RBC Capital | Steven Shemesh | $140 | $127.96 | +16.8% | Feb 11, 2026 |
| BTIG | Analyst unavailable | $140 | $126.7 | +16.8% | Feb 11, 2026 |
| Wells Fargo | Edward Kelly | $140 | $129.02 | +16.8% | Feb 10, 2026 |
| Oppenheimer | Rupesh Parikh | $140 | $131.18 | +16.8% | Feb 9, 2026 |
| Mizuho Securities | David Bellinger | $137 | $131.18 | +14.3% | Feb 9, 2026 |
| Jefferies | Corey Tarlowe | $132 | $127.08 | +10.1% | Feb 3, 2026 |
| Evercore ISI | Greg Melich | $130 | $124.06 | +8.4% | Feb 3, 2026 |
| Piper Sandler | Analyst unavailable | $130 | $124.06 | +8.4% | Feb 3, 2026 |
| UBS | Analyst unavailable | $135 | $117.89 | +12.6% | Jan 30, 2026 |
| Tigress Financial | Analyst unavailable | $135 | $117.82 | +12.6% | Jan 23, 2026 |
| Morgan Stanley | Simeon Gutman | $135 | $120.04 | +12.6% | Jan 15, 2026 |
| RBC Capital | Steven Shemesh | $126 | $120.36 | +5.1% | Jan 14, 2026 |
| Goldman Sachs | Kate McShane | $121 | $120.36 | +0.9% | Jan 13, 2026 |
| Deutsche Bank | Krisztina Katai | $119 | $111.27 | -0.7% | Jan 8, 2026 |
| Oppenheimer | Analyst unavailable | $125 | $112.72 | +4.3% | Jan 8, 2026 |
| Barclays | Seth Sigman | $125 | $112.72 | +4.3% | Jan 8, 2026 |
| KeyBanc | Analyst unavailable | $128 | $114.34 | +6.8% | Jan 7, 2026 |
| Bernstein | Analyst unavailable | $129 | $112.76 | +7.6% | Jan 5, 2026 |
| Mizuho Securities | David Bellinger | $125 | $112.76 | +4.3% | Jan 5, 2026 |
| Wells Fargo | Analyst unavailable | $130 | $114.83 | +8.4% | Dec 19, 2025 |
| Telsey Advisory | Joseph Feldman | $135 | $116.12 | +12.6% | Dec 17, 2025 |
| Truist Financial | Analyst unavailable | $127 | $115.95 | +5.9% | Dec 17, 2025 |
| Evercore ISI | Greg Melich | $120 | $115.71 | +0.1% | Dec 16, 2025 |
| RBC Capital | Steven Shemesh | $123 | $114.17 | +2.6% | Dec 9, 2025 |
| Evercore ISI | Analyst unavailable | $117 | $113.56 | -2.4% | Dec 9, 2025 |
| UBS | Analyst unavailable | $130 | $114.41 | +8.4% | Dec 3, 2025 |
| D.A. Davidson | Analyst unavailable | $130 | $107.11 | +8.4% | Nov 21, 2025 |
| Telsey Advisory | Joseph Feldman | $130 | $107.37 | +8.4% | Nov 21, 2025 |
| Robert W. Baird | Peter Benedict | $121 | $107.38 | +0.9% | Nov 21, 2025 |
| Evercore ISI | Greg Melich | $115 | $107.44 | -4.1% | Nov 21, 2025 |
| BTIG | Analyst unavailable | $125 | $107.11 | +4.3% | Nov 21, 2025 |
| BMO Capital | Kelly Bania | $125 | $107.11 | +4.3% | Nov 21, 2025 |
| Guggenheim | Analyst unavailable | $120 | $107.11 | +0.1% | Nov 21, 2025 |
| Piper Sandler | Analyst unavailable | $123 | $107.11 | +2.6% | Nov 21, 2025 |
| Morgan Stanley | Analyst unavailable | $125 | $107.11 | +4.3% | Nov 21, 2025 |
| Bernstein | Analyst unavailable | $122 | $107.11 | +1.8% | Nov 21, 2025 |
| KeyBanc | Bradley Thomas | $120 | $107.11 | +0.1% | Nov 21, 2025 |
| Wells Fargo | Analyst unavailable | $120 | $107.11 | +0.1% | Nov 21, 2025 |
| Truist Financial | Analyst unavailable | $119 | $106.99 | -0.7% | Nov 20, 2025 |
| RBC Capital | Steven Shemesh | $116 | $102.9 | -3.2% | Oct 29, 2025 |
| UBS | Michael Lasser | $122 | $106.84 | +1.8% | Oct 23, 2025 |
| Evercore ISI | Analyst unavailable | $111 | $106.84 | -7.4% | Oct 21, 2025 |
| D.A. Davidson | Michael Baker | $117 | $107.21 | -2.4% | Oct 15, 2025 |
| BTIG | Bob Drbul | $120 | $107.21 | +0.1% | Oct 14, 2025 |
| Wolfe Research | Analyst unavailable | $129 | $104.27 | +7.6% | Sep 17, 2025 |
| Tigress Financial | Analyst unavailable | $125 | $99.44 | +4.3% | Sep 3, 2025 |
| Telsey Advisory | Analyst unavailable | $118 | $96.83 | -1.6% | Aug 22, 2025 |
| Truist Financial | Analyst unavailable | $109 | $96.83 | -9.1% | Aug 22, 2025 |
| Bernstein | Analyst unavailable | $117 | $96.83 | -2.4% | Aug 22, 2025 |
| Guggenheim | Robert Drbul | $118 | $100.37 | -1.6% | Aug 18, 2025 |
| Truist Financial | Scot Ciccarelli | $111 | $98.24 | -7.4% | May 16, 2025 |
| Robert W. Baird | Peter Benedict | $110 | $98.24 | -8.2% | May 16, 2025 |
| UBS | Michael Lasser | $113 | $98.16 | -5.7% | Jan 31, 2025 |
| KeyBanc | Bradley Thomas | $100 | $94.96 | -16.6% | Dec 11, 2024 |
| RBC Capital | Steven Shemesh | $105 | $94.97 | -12.4% | Dec 9, 2024 |
| Truist Financial | Scot Ciccarelli | $98 | $67.95 | -18.3% | Nov 19, 2024 |
| CFRA | Arun Sundaram | $96 | $67.95 | -19.9% | Nov 19, 2024 |
| Piper Sandler | Peter Keith | $93 | $84.33 | -22.4% | Nov 18, 2024 |
| KeyBanc | Bradley Thomas | $87 | $82.9 | -27.4% | Oct 28, 2024 |
| Oppenheimer | Rupesh Parikh | $90 | $80.04 | -24.9% | Oct 14, 2024 |
| KeyBanc | Bradley Thomas | $86 | $80.04 | -28.3% | Oct 14, 2024 |
| Bank of America Securities | Robert Ohmes | $95 | $79.6 | -20.8% | Oct 10, 2024 |
| Truist Financial | Scot Ciccarelli | $89 | $80.33 | -25.8% | Sep 24, 2024 |
| Melius Research | Karen Short | $95 | $80.25 | -20.8% | Sep 23, 2024 |
| Jefferies | Corey Tarlowe | $90 | $77.01 | -24.9% | Sep 4, 2024 |
| Telsey Advisory | Joseph Feldman | $63.27 | $24.82 | -47.2% | Aug 20, 2024 |
| D.A. Davidson | Michael Baker | $85 | $73.47 | -29.1% | Aug 16, 2024 |
| KeyBanc | Bradley Thomas | $82 | $73.32 | -31.6% | Aug 16, 2024 |
| Deutsche Bank | Krisztina Katai | $83 | $73.18 | -30.8% | Aug 16, 2024 |
| Roth Capital | William Kirk | $81 | $73.18 | -32.4% | Aug 16, 2024 |
| Truist Financial | Scot Ciccarelli | $76 | $73.18 | -36.6% | Aug 16, 2024 |
| Piper Sandler | Peter Keith | $83 | $73.44 | -30.8% | Aug 16, 2024 |
| Morgan Stanley | Simeon Gutman | $82 | $73.18 | -31.6% | Aug 16, 2024 |
| Citigroup | Paul Lejuez | $75 | $73.28 | -37.4% | Aug 15, 2024 |
| Stifel Nicolaus | Mark Astrachan | $73 | $73.18 | -39.1% | Aug 15, 2024 |
| Evercore ISI | Greg Melich | $74 | $67.95 | -38.3% | Aug 12, 2024 |
| Wells Fargo | Edward Kelly | $75 | $67.74 | -37.4% | Aug 7, 2024 |
| BMO Capital | Kelly Bania | $80 | $70.04 | -33.3% | Jul 25, 2024 |
| Tigress Financial | Ivan Feinseth | $86 | $70.45 | -28.3% | Jul 23, 2024 |
| Stifel Nicolaus | Mark Astrachan | $71 | $67.48 | -40.8% | Jul 2, 2024 |
| Deutsche Bank | Krisztina Katai | $77 | $67.71 | -35.8% | Jul 1, 2024 |
| HSBC | Daniela Bretthauer | $81 | $66.84 | -32.4% | Jun 11, 2024 |
| Telsey Advisory | Joseph Feldman | $75 | $66.75 | -37.4% | Jun 10, 2024 |
| Oppenheimer | Rupesh Parikh | $75 | $67.09 | -37.4% | Jun 6, 2024 |
| Evercore ISI | Greg Melich | $72 | $65.76 | -39.9% | Jun 3, 2024 |
| Wedbush | Seth Basham | $84 | $194.67 | -29.9% | May 30, 2024 |
| Barclays | Seth Sigman | $66 | $64.5 | -44.9% | May 20, 2024 |
| RBC Capital | Steven Shemesh | $70 | $63.97 | -41.6% | May 17, 2024 |
| Raymond James | Bobby Griffin | $70 | $63.97 | -41.6% | May 17, 2024 |
| D.A. Davidson | Michael Baker | $75 | $64.01 | -37.4% | May 17, 2024 |
| BMO Capital | Kelly Bania | $75 | $64.01 | -37.4% | May 17, 2024 |
| Argus Research | Christopher Graja | $71 | $64.01 | -40.8% | May 17, 2024 |
| Truist Financial | Scot Ciccarelli | $64 | $64.01 | -46.6% | May 17, 2024 |
| Stifel Nicolaus | Mark Astrachan | $69 | $64.01 | -42.4% | May 17, 2024 |
| Roth Capital | William Kirk | $71 | $64.01 | -40.8% | May 17, 2024 |
| Goldman Sachs | Kate McShane | $73 | $64.01 | -39.1% | May 17, 2024 |
| Telsey Advisory | Joseph Feldman | $70 | $64.01 | -41.6% | May 17, 2024 |
| Evercore ISI | Greg Melich | $70 | $64.01 | -41.6% | May 17, 2024 |
| Wells Fargo | Ed Kelly | $70 | $64.01 | -41.6% | May 17, 2024 |
| KeyBanc | Bradley Thomas | $75 | $64.47 | -37.4% | May 17, 2024 |
| Robert W. Baird | Peter Benedict | $70 | $64.01 | -41.6% | May 16, 2024 |
| CFRA | Arun Sundaram | $72 | $64.01 | -39.9% | May 16, 2024 |
| RBC Capital | Steven Shemesh | $62 | $64.01 | -48.3% | May 16, 2024 |
| Jefferies | Corey Tarlowe | $75 | $64.01 | -37.4% | May 16, 2024 |
| UBS | Michael Lasser | $69 | $59.87 | -42.4% | May 7, 2024 |
| Oppenheimer | Rupesh Parikh | $67 | $59.8 | -44.1% | Feb 26, 2024 |
| Telsey Advisory | Joseph Feldman | $68.27 | $57.73 | -43.1% | Feb 21, 2024 |
| Telsey Advisory | Joseph Feldman | $57.9 | $57.74 | -51.7% | Feb 21, 2024 |
| Piper Sandler | Matt Farrell | $80.91 | $167.76 | -32.5% | Feb 14, 2024 |
| Oppenheimer | Rupesh Parikh | $61.61 | $56.61 | -48.6% | Feb 12, 2024 |
| Piper Sandler | Edward Yruma | $69.93 | $56.54 | -41.7% | Nov 16, 2023 |
| Telsey Advisory | Joseph Feldman | $61.61 | $52.46 | -48.6% | Aug 21, 2023 |
| Loop Capital Markets | Bradley Thomas | $58.94 | $53 | -50.8% | Aug 18, 2023 |
| Telsey Advisory | Joseph Feldman | $55.94 | $53.12 | -53.3% | Aug 14, 2023 |
| Credit Suisse | Karen Short | $59.94 | $53.74 | -50.0% | Aug 11, 2023 |
| Credit Suisse | Karen Short | $56.61 | $50.73 | -52.8% | May 15, 2023 |
| Wells Fargo | Edward Kelly | $56.61 | $50.15 | -52.8% | Apr 10, 2023 |
| Telsey Advisory | Joseph Feldman | $53.28 | $49.9 | -55.6% | Apr 6, 2023 |
| UBS | Michael Lasser | $55.94 | $48.51 | -53.3% | Mar 30, 2023 |
| Morgan Stanley | Simeon Gutman | $53.28 | $48.11 | -55.6% | Mar 27, 2023 |
| Raymond James | Bobby Griffin | $53.28 | $48.15 | -55.6% | Feb 22, 2023 |
| Barclays | Analyst unavailable | $52.95 | $46.95 | -55.8% | Feb 8, 2023 |
| Morgan Stanley | Analyst unavailable | $54.61 | $49.42 | -54.4% | Nov 17, 2022 |
| Evercore ISI | Analyst unavailable | $46.62 | $49.45 | -61.1% | Nov 16, 2022 |
| Loop Capital Markets | Bradley Thomas | $54.95 | $49.35 | -54.2% | Nov 16, 2022 |
| Truist Financial | Analyst unavailable | $49.95 | $49.39 | -58.3% | Nov 16, 2022 |
| D.A. Davidson | Analyst unavailable | $57.61 | $49.51 | -51.9% | Nov 16, 2022 |
| Telsey Advisory | Joseph Feldman | $54.95 | $49.54 | -54.2% | Nov 16, 2022 |
| Barclays | Luke Sergott | $54.95 | $49.47 | -54.2% | Nov 16, 2022 |
| UBS | Analyst unavailable | $56.61 | $49.83 | -52.8% | Nov 16, 2022 |
| Deutsche Bank | Analyst unavailable | $55.94 | $49.84 | -53.3% | Nov 16, 2022 |
| Cowen & Co. | Analyst unavailable | $58.28 | $49.74 | -51.4% | Nov 16, 2022 |
| RBC Capital | Analyst unavailable | $54.28 | $49.1 | -54.7% | Nov 16, 2022 |
| Robert W. Baird | Peter Benedict | $54.95 | $49.1 | -54.2% | Nov 15, 2022 |
| Morgan Stanley | Simeon Gutman | $49.95 | $44.63 | -58.3% | Aug 23, 2022 |
| Truist Financial | Scot Ciccarelli | $44.62 | $47.43 | -62.8% | Aug 17, 2022 |
| MKM Partners | William Kirk | $52.61 | $46.41 | -56.1% | Aug 17, 2022 |
| RBC Capital | Steven Shemesh | $50.28 | $46.41 | -58.1% | Aug 17, 2022 |
| Evercore ISI | Greg Melich | $44.96 | $46.41 | -62.5% | Aug 17, 2022 |
| Deutsche Bank | Krisztina Katai | $53.95 | $46.41 | -55.0% | Aug 17, 2022 |
| Oppenheimer | Rupesh Parikh | $44.96 | $43.97 | -62.5% | Jul 30, 2022 |
| Morgan Stanley | Simeon Gutman | $48.29 | $43.13 | -59.7% | Jul 28, 2022 |
| Guggenheim | Robert Drbul | $51.62 | $42.15 | -56.9% | Jul 27, 2022 |
| Stephens | Ben Bienvenu | $53.28 | $40.6 | -55.6% | Jul 26, 2022 |
| BMO Capital | Kelly Bania | $53.28 | $43.96 | -55.6% | Jul 26, 2022 |
| Credit Suisse | Robert Moskow | $44.29 | $43.96 | -63.1% | Jul 26, 2022 |
| Robert W. Baird | Peter Benedict | $46.62 | $43.96 | -61.1% | Jul 25, 2022 |
| Oppenheimer | Rupesh Parikh | $54.95 | $42.89 | -54.2% | Jul 15, 2022 |
| Morgan Stanley | Simeon Gutman | $51.95 | $40.53 | -56.7% | Jun 11, 2022 |
| Robert W. Baird | Peter Benedict | $51.62 | $40.53 | -56.9% | Jun 11, 2022 |
| Guggenheim | Robert Drbul | $58.28 | $39.69 | -51.4% | May 22, 2022 |
| Argus Research | Christopher Graja | $53.28 | $39.69 | -55.6% | May 21, 2022 |
| RBC Capital | Steven Shemesh | $50.95 | $39.64 | -57.5% | May 20, 2022 |
| Stifel Nicolaus | Mark Astrachan | $61.61 | $39.65 | -48.6% | May 19, 2022 |
| BMO Capital | Kelly Bania | $54.95 | $40.98 | -54.2% | May 18, 2022 |
| Robert W. Baird | Peter Benedict | $53.28 | $43.74 | -55.6% | May 17, 2022 |
| Deutsche Bank | Krisztina Katai | $60.27 | $49.3 | -49.7% | May 16, 2022 |
| D.A. Davidson | Michael Baker | $56.94 | $51.38 | -52.5% | Apr 11, 2022 |
| Morgan Stanley | Simeon Gutman | $55.61 | $47.77 | -53.6% | Mar 26, 2022 |
| Morgan Stanley | Simeon Gutman | $54.95 | $45.41 | -54.2% | Feb 26, 2022 |
| Jefferies | Stephanie Wissink | $58.28 | $45.95 | -51.4% | Feb 20, 2022 |
| Goldman Sachs | Kate McShane | $58.28 | $45.95 | -51.4% | Feb 18, 2022 |
| RBC Capital | Steven Shemesh | $53.28 | $45.77 | -55.6% | Feb 18, 2022 |
| Guggenheim | Robert Drbul | $61.61 | $46.07 | -48.6% | Feb 17, 2022 |
| Stifel Nicolaus | Mark Astrachan | $51.62 | $46.07 | -56.9% | Feb 17, 2022 |
| Goldman Sachs | Kate McShane | $59.94 | $46.07 | -50.0% | Feb 17, 2022 |
| J.P. Morgan | Christopher Horvers | $52.28 | $46.07 | -56.4% | Feb 17, 2022 |
| Robert W. Baird | Peter Benedict | $56.61 | $44.57 | -52.8% | Feb 15, 2022 |
| Cowen & Co. | Oliver Chen | $54.95 | $44.43 | -54.2% | Feb 14, 2022 |
| Gordon Haskett Capital Corporation | Chuck Grom | $46.62 | $45.06 | -61.1% | Feb 12, 2022 |
| BNP Paribas | Andrew Gwynn | $45.29 | $44.89 | -62.2% | Feb 11, 2022 |
| UBS | Michael Lasser | $59.94 | $45.77 | -50.0% | Feb 8, 2022 |
| Wells Fargo | Edward Kelly | $54.95 | $45.76 | -54.2% | Feb 7, 2022 |
| Wolfe Research | Spencer Hanus | $56.61 | $46.77 | -52.8% | Feb 3, 2022 |
| Citigroup | Paul Lejuez | $58.61 | $45.62 | -51.1% | Jan 28, 2022 |
| Truist Financial | Scot Ciccarelli | $50.95 | $47.58 | -57.5% | Jan 12, 2022 |
| MKM Partners | William Kirk | $55.28 | $47.74 | -53.9% | Jan 5, 2022 |
| Credit Suisse | Robert Moskow | $55.28 | $46.9 | -53.9% | Nov 17, 2021 |
| Stephens | Ben Bienvenu | $56.61 | $48.82 | -52.8% | Nov 12, 2021 |
| Tigress Financial | Ivan Feinseth | $56.61 | $48.41 | -52.8% | Aug 27, 2021 |
| Bank of America Securities | Robert Ohmes | $63.27 | $49.26 | -47.2% | Aug 18, 2021 |
| Telsey Advisory | Joe Feldman | $58.28 | $49.26 | -51.4% | Aug 18, 2021 |
| Barclays | Karen Short | $56.61 | $49.26 | -52.8% | Aug 18, 2021 |
| R5 Capital | Scott Mushkin | $56.28 | $49.81 | -53.1% | Aug 16, 2021 |
| Independent Research | Lars Lusebrink | $54.95 | $46.88 | -54.2% | May 20, 2021 |
Track every rating change on WMT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWalmart Inc., established in 1945 and based in Bentonville, Arkansas, operates as a global retail powerhouse, having officially adopted its current name in February 2018, formerly Wal-Mart Stores, Inc. The company's diverse operations, encompassing retail, wholesale, and e-commerce, are managed across three primary divisions: Walmart U.S., Walmart International, and Sam's Club. Its extensive physical presence includes a variety of store formats such as supercenters, supermarkets, hypermarkets, membership-only warehouse clubs (like Sam's Club), cash-and-carry outlets, and discount stores, primarily operating under the Walmart and Walmart Neighborhood Market banners. Digitally, the company engages customers through numerous e-commerce platforms, including walmart.com.mx, walmart.ca, flipkart.com, and PhonePe, as well as via dedicated mobile applications. Walmart offers an exceptionally broad range of products and services.…
Historical context
All WMT earningsConsumer Defensive peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PG The Procter & Gamble Company | FY2027 Q1 · Calendar Q4 2026 | +6.4% | +5.6% | P&G: Volume Growth Supports FY2027 Guidance Despite Cost Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the WMT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-25T05:10:41.805816+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T05:10:41.802980+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.