Pre-earnings brief
Reports
Thu, Nov 19, 2026
Est. EPS
—
Est. revenue
—
Implied move
±8.1%
EPS beat rate
88%
Walmart Inc. is a leading retailer in the consumer staples sector, known for its vast network of stores and e-commerce presence. As a major player in the retail industry, Walmart's performance is closely tied to consumer spending trends and economic conditions.
Last quarter
In Q2-2027, Walmart reported an EPS of $0.81, exceeding expectations by 10.20%. However, the stock fell 9.15% the following day, indicating market concerns despite the earnings beat.
EPS beat streak
4Q
EPS beat rate
88%
Avg EPS surprise
+3.35%
Avg 1-day reaction
-2.48%
Investors are cautiously optimistic about Walmart's upcoming earnings, especially given its history of beating EPS estimates. However, concerns about inflation and consumer spending may weigh on expectations.
Bull case
If Walmart can show strong same-store sales growth and continued online sales momentum, it could reassure investors about its market position and growth potential.
Bear case
On the other hand, if the company reports weaker-than-expected sales or rising costs, it could lead to a negative reaction in the stock price.
The print will turn on these.
Q1
What is the same-store sales growth rate for Q3-2027?
This figure will indicate how well Walmart is retaining and attracting customers in a competitive retail environment.
Q2
How is Walmart managing rising costs and supply chain challenges?
Understanding the company's strategies for cost management will be crucial for assessing its profitability and future outlook.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±20.5%
Why consensus could be wrong
The Street may be underestimating Walmart's ability to adapt to changing consumer preferences, particularly in e-commerce.
Supporting evidence
Walmart's recent investments in technology and logistics could drive better-than-expected online sales growth.
The options market is pricing in an 8.14% move, suggesting expectations of volatility that may not align with historical performance.
Walmart's strong brand loyalty may help it weather economic challenges better than competitors.
Key risk
If same-store sales growth exceeds 5%, it could challenge the current cautious consensus.
Pre-commit to what would confirm each case.
The core debate this quarter revolves around Walmart's ability to sustain growth amid economic pressures and evolving consumer behavior.
Bull confirmed if
A same-store sales growth rate of 5% or higher would confirm the bull case.
Bear confirmed if
A decline in same-store sales or negative commentary on cost pressures would confirm the bear case.
What the market is pricing for the move.
Implied Move
±8.14%
Historical Avg
±4.8%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±8.1% while WMT has averaged ±4.8% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
21.3%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$416,595.90
3,990 sh
1 insider
Net
$416,595.90
Net selling
Most Active Insiders· 1 open-market trade
$416,595.90
Net selling
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Walmart beats expectations, history suggests a modest positive reaction, potentially confirming the company's strong market position.
In line / cautious
If results are in line with expectations but management is cautious, the stock may see limited movement as investors digest the commentary.
Miss
A miss could lead to a significant decline, with historical data indicating an average drop of around 4.49% following earnings misses.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
3
1 buy·2 sells
Members
3
House only
Est. Notional
$3,003.00–$45,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
Recent Transactions
Oct 1, 2026 · @ $104.41
3,990 sh
$416,595.90
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Net selling
1 trade
Net buying
1 trade
Net selling
Recent Transactions
Traded Aug 27, 2026 · disclosed Sep 25, 2026
$1,001.00–$15,000.00
Traded Aug 26, 2026 · disclosed Sep 10, 2026
$1,001.00–$15,000.00
Traded Jul 30, 2026 · disclosed Aug 14, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.