by Kim Souza (ksouza@talkbusiness.net)
Walmart is expected to outperform analysts’ expectations on the top and bottom lines when it reports fourth quarter and fiscal 2024 earnings on Tuesday (Feb. 20) ahead of the market opening.
Consensus estimates have crept up in the past few weeks to $1.66 per share for the last quarter of the year. That would equate to net income of roughly $4.482 billion for the quarter, up 3.9% from a year ago. Revenue is forecast at $168.804 billion, up 2.6% year over year.
For the full fiscal year, analysts expect net income of $17.584 billion or $6.51 per share, up 3.7% from the prior year. Revenue is forecast to have grown 5.2% to $642.988 billion for the year.
