Walmart: Earnings Report on August 17

Walmart: Earnings Report on August 17

2021-08-16 • Updated

What will happen?

Walmart, America’s biggest retailer, will present its earnings report for the second quarter on Tuesday, August 17 before the stock market opens (14:00 GMT+3). The release will be followed by an investor conference call at 15:00 MT, August 17.

What to expect?

Walmart benefited from the pandemic as people increased grocery items and daily staples consumption. The retailer has warned investors that 2021 will not be as successful as 2020 was. Walmart’s analysts expect a slowdown in sales and revenue as consumers will take a break from their pantry loading habits.

Nevertheless, Walmart has already outperformed the Q1 expectations. It demonstrated $138.3 billion of revenue and $1.69 earnings per share (analysts predicted $132.2 billion and $1.21 respectively). Investors appreciated these results and pushed the stock up by 3%.

Analysts and experts’ expectations for the Q2: Revenue = $136.6 billion, EPS = $1.56.

The Q2 expectations look optimistic as Walmart demonstrated a 10% revenue decrease in Q1 2021 comparing to Q4 2020.

Technical analyses

Daily chart

WALMARTDaily.png

It is seen that during the past three trading days investors were selling the stock at $150. The RSI also shows the stock is locally overbought. It looks like investors were buying Walmart stock ahead of the earnings report and as practice shows, it usually leads to a drop after. As the famous rule says: “Buy rumors, sell facts”. The closest support levels are $144, $141.

If the financial results are extremely good, the stock might be pushed higher, but as it is said there is no a lot of space above (according to the RSI). The closest resistance is $153.

Don't know how to trade stocks?

  1. First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
  3. Start trading!

TRADE NOW

Similar

Stocks To Watch For March
Stocks To Watch For March

During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.

Jingle Bulls: How Will The Santa Rally Impact Amazon And Apple?
Jingle Bulls: How Will The Santa Rally Impact Amazon And Apple?

As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera