Equity Profile

WMT

Walmart Inc.

Consumer StaplesConsumer Staples Merchandise Retail$922.3B

Aug20Thu

Pre-Earnings Brief

UpcomingQ2-2027Pre-Market9:00 AM EDT

Company Snapshot

Walmart Inc. is a leading retail giant in the consumer staples sector, known for its extensive network of stores and e-commerce operations....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is attributed to each share.

$0.74

Revenue

Total revenue gives insight into the company's sales performance and market demand, which are crucial for assessing growth.

$186.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

WMT Q2-2027 Earnings Preview

Context

Company Snapshot

Walmart Inc. is a leading retail giant in the consumer staples sector, known for its extensive network of stores and e-commerce operations. As a major player in the retail industry, Walmart's performance is closely tied to consumer spending trends and economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+2.52%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In the last quarter, Walmart reported an EPS of $0.66, slightly beating expectations. However, the stock reacted negatively, dropping 7.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Walmart to report an EPS of $0.74 and revenue of $186.9 billion for Q2-2027, indicating stable performance amid economic challenges.

Bull Case

If Walmart exceeds expectations, it could signal strong consumer demand and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, any significant miss on EPS or revenue could raise concerns about weakening consumer spending and competitive pressures.

Key Metrics to Watch

EPS

$0.74

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is attributed to each share.

Revenue

$186.9B

Total revenue gives insight into the company's sales performance and market demand, which are crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Walmart's EPS exceed the consensus estimate of $0.74?

A beat on EPS could indicate strong operational performance and consumer demand, which would be crucial for investor sentiment.

How does Walmart's revenue compare to the expected $186.9 billion?

Revenue performance is a direct reflection of sales growth and market conditions, impacting future guidance and stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Walmart's resilience in consumer spending, especially in essential goods, which could drive better-than-expected results.

Supporting Evidence

Walmart has historically beaten EPS estimates 88% of the time, indicating strong operational execution.

Despite recent stock declines, Walmart's core business remains robust, with steady demand for essential items.

Options pricing suggests higher volatility, indicating that traders expect significant movement, which could reflect underlying strength.

Key Risk

If consumer spending shows unexpected strength, it could challenge the current consensus on Walmart's performance.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in assessing Walmart's ability to navigate economic pressures and maintain growth.

Bull Confirmed If

An EPS of $0.76 or higher with revenue exceeding $188 billion would confirm the bull case.

Bear Confirmed If

An EPS below $0.72 or revenue falling short of $185 billion would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.76%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±10.8% while WMT has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.0%

Calls (4.8M)P/C Ratio: 0.42Puts (1.9M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Walmart beats expectations, history suggests the stock could rise by around 0.05% on the following day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted reactions, reflecting cautious investor sentiment amid economic uncertainty.

Miss

A miss on earnings could lead to a decline of approximately 4.49%, as seen in past reactions to disappointing results.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on consumer spending trends and how they are impacting sales.
2Insights into inventory management and supply chain efficiency.
3Comments on e-commerce growth and its contribution to overall revenue.
4Guidance on future quarters and how management plans to navigate economic challenges.
5Any strategic initiatives aimed at enhancing customer experience and loyalty.

See the full picture

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Company Snapshot

Walmart Inc. is a leading retail giant in the consumer staples sector, known for its extensive network of stores and e-commerce operations....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is attributed to each share.

$0.74

Revenue

Total revenue gives insight into the company's sales performance and market demand, which are crucial for assessing growth.

$186.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

WMT Q2-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+2.52%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In the last quarter, Walmart reported an EPS of $0.66, slightly beating expectations. However, the stock reacted negatively, dropping 7.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Walmart to report an EPS of $0.74 and revenue of $186.9 billion for Q2-2027, indicating stable performance amid economic challenges.

Bull Case

If Walmart exceeds expectations, it could signal strong consumer demand and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, any significant miss on EPS or revenue could raise concerns about weakening consumer spending and competitive pressures.

Key Metrics to Watch

EPS

$0.74

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is attributed to each share.

Revenue

$186.9B

Total revenue gives insight into the company's sales performance and market demand, which are crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Walmart's EPS exceed the consensus estimate of $0.74?

A beat on EPS could indicate strong operational performance and consumer demand, which would be crucial for investor sentiment.

How does Walmart's revenue compare to the expected $186.9 billion?

Revenue performance is a direct reflection of sales growth and market conditions, impacting future guidance and stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Walmart's resilience in consumer spending, especially in essential goods, which could drive better-than-expected results.

Supporting Evidence

Walmart has historically beaten EPS estimates 88% of the time, indicating strong operational execution.

Despite recent stock declines, Walmart's core business remains robust, with steady demand for essential items.

Options pricing suggests higher volatility, indicating that traders expect significant movement, which could reflect underlying strength.

Key Risk

If consumer spending shows unexpected strength, it could challenge the current consensus on Walmart's performance.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in assessing Walmart's ability to navigate economic pressures and maintain growth.

Bull Confirmed If

An EPS of $0.76 or higher with revenue exceeding $188 billion would confirm the bull case.

Bear Confirmed If

An EPS below $0.72 or revenue falling short of $185 billion would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.76%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±10.8% while WMT has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.0%

Calls (4.8M)P/C Ratio: 0.42Puts (1.9M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Walmart beats expectations, history suggests the stock could rise by around 0.05% on the following day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted reactions, reflecting cautious investor sentiment amid economic uncertainty.

Miss

A miss on earnings could lead to a decline of approximately 4.49%, as seen in past reactions to disappointing results.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on consumer spending trends and how they are impacting sales.
2Insights into inventory management and supply chain efficiency.
3Comments on e-commerce growth and its contribution to overall revenue.
4Guidance on future quarters and how management plans to navigate economic challenges.
5Any strategic initiatives aimed at enhancing customer experience and loyalty.