Wal-Mart Stores Inc. (NYSE:WMT) is forecast to report second quarter earnings of $1.25 per share on revenue of $118.74 billion on Thursday, August 15, compared with earnings of $1.18 per share on revenue of $114.30 billion in the year-ago quarter, according to analysts polled by Reuters.
“I would expect probably a relatively uneventful number from Walmart, but I would really point to their guidance,” said Jason A. Weisberg of Seaport Securities from the floor of the New York Stock Exchange (NYSE).
“I want to see what they expect for back to school, and they might even throw a little holiday sales in there. That’s probably the number we should focus on. I wouldn’t expect much of the previous quarter’s sales,” he added.
Wal-Mart is currently trading around $77.00 per share.
Also next week, retailers Macy's, Inc. (NYSE: M), Nordstrom Inc. (NYSE: JW) and Kohl's Corporation (NYSE: KSS) report quarterly results.
