What is Going on with Walmart?
Walmart Shares Dropped as the Fourth Quarter Earnings of the Retailer Company Missed Wall Street's Expectation, with a Loss of 74 Cents per Share.
Walmart Inc (WMT) shares are down -6.05% as of Feb 18, 2021, 03:26 PM ET, and is among S&P 500 winners today as S&P is down -0.34%. WMT shares have raised in 2021 by almost 0.46% as S&P 500 has raised by almost 6.23%. WMT revealed a yearly performance of 23.05% and moved 1.77%, and 0.94% since last month and last week, respectively.
Technicals
The stock is -4.94% below its 52 days Simple Moving Average (SMA52). The shorter-term 26 days SMA (SMA26) is -0.56% below the 52 days SMA, signaling a downward trend in the stock price. The current Relative Strength Index (RSI) of the stock, is 58.6, indicating a normal condition on the momentum of the stock price. RSI is a common technical metric to measure the momentum of the stock price and ranges between 0 and 100. Typically, an RSI of 70 or above indicates an overbought condition whereas an RSI of 30 or below signals an oversold condition.
Volatility
In terms of risk/volatility, WMT shows a one-year-basis Beta (Beta1Y) of 0.51, which is below the market average, indicating that the stock has a low risk compared to the broader market. Beta measures the volatility of a security compared to the average market. A Beta of 1 indicates that the volatility of the security is the same as the overall market volatility. A beta that is greater (lower) than 1, indicates a higher (lower) volatility compared to the market. Over a more recent period, the one-month Beta (Beta1M) of WMT lies at 0.66, signaling that the stock turned riskier compared to the longer one-year period. With its current level, the one-year Beta of WMT is ranked as the 15th lowest Beta in S&P 500.
Walmart Inc (WMT) will report its 2022 Q1 earnings on Tuesday, 18 May 2021, before the market open. Wallstreet estimates an EPS of $1.3 and revenue of $133,491.28 T in the upcoming results. Historically, Walmart Inc beat EPS estimates 57.14% of the time.
About Walmart Inc
Wal-Mart Stores, Inc. engages in the retail and wholesale business. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment includes the retail stores and digital retail operations in the U.S. It also offers financial services and related products such as money orders, prepaid cards, wire transfers, check to cash, and bill payments. The Walmart International segment is categorized into retail, wholesale, and other formats operations outside the U.S. These categories include supercenters, supermarkets, hypermarkets, warehouse clubs, Sam's Clubs, cash and carry, home improvement, specialty electronics, apparel store, drug stores, convenience stores, and digital retail. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. It offers specialty services, auto buying, pharmacy, optical, hearing aid centers, tire and battery centers, and business operations support services. The company was founded by Samuel Moore Walton and James Lawrence Walton on July 2, 1962, and is headquartered in Bentonville, AR.