WMT Stock – Walmart Stock Feels Weight of Winter Weather, Weak Outlook

by Karl Utermohlen | January 31, 2014 1:28 pm

Walmart (WMT[1]) updated its fourth quarter and fiscal year 2014 expectations as WMT stock is up in early afternoon trading Friday.

WMT Stock[2]The company has updated its outlook[3] from its third quarter report issued on Nov. 14, 2013. Walmart shared fourth quarter diluted earnings per share from continuing operations (EPS) guidance of $1.50 to $1.60, including a $0.10 per share impact from two discrete items that resulted in an EPS guidance range of $1.60 to $1.70.

“We now anticipate that our underlying EPS for the fourth quarter of fiscal 2014 will be at or slightly below the low end of our range of $1.60 to $1.70,” said CFO Charles Holley. “For the full year, we expect underlying EPS to be at or slightly below the low end of our range of $5.11 to $5.21.”

25 analysts reached the consensus[4] that earnings estimate of $1.65 per share would be $0.02 worse than a year ago and a $0.04 sequential decrease. Their full-year EPS estimate is $5.17, $0.15 better than last year’s annual results.

Walmart will release a detailed report on its fourth quarter and fiscal year on Feb. 20, 2014. WMT stock is up 0.2% Friday.

More Walmart News

Endnotes:

  1. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  2. [Image]: https://investorplace.com/wp-content/uploads/2013/06/WalmartPromo.jpg
  3. updated its outlook: http://www.businesswire.com/news/home/20140131005370/en/Walmart-updates-FY-14-underlying-EPS-guidance#.Uuvm56iwXRF
  4. consensus: http://jutiagroup.com/20140131-stock-update-wal-mart-stores-inc-nysewmt-walmart-updates-fy-14-underlying-eps-guidance-for-fourth-quarter-and-full-year/
  5. Walmart To Go: Free Pick Up Option Added in Test Market: https://investorplace.com/2014/01/walmart-to-go-wmt-stock/#.Uuvxa6iwXRE
  6. WMT: Even Amidst Retail Slaughter, Walmart is a Buy: https://investorplace.com/2014/01/walmart-wmt-stock-bby/#.UuvreqiwXRE
  7. Sam’s Club Layoffs: Walmart to Cut 2,300 Jobs at Membership Club: https://investorplace.com/2014/01/sams-club-layoffs-walmart-cut-2300-jobs-membership-club/#.Uuvrd6iwXRE
  8. Walmart Recalls Donkey Meat for Containing Fox: https://investorplace.com/2014/01/walmart-recalls-donkey-meat-containing-fox/#.UuvrfKiwXRE

Source URL: https://investorplace.com/2014/01/wmt-stock-walmart/

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