Walmart’s Upcoming Q3 Results Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart Inc. (NYSE:WMT)</a> ahead of the upcoming Q3 results, expecting U.S. comp growth of 3.0% (vs. Street’s 3.3%) and EPS of $1.31 (in-line with estimates). </p>
<p>Based on their channel work RBC Capital has an upside bias on top-line and thinks their operating margin estimate of 3.6% is reasonable. The analysts believe the company's current premium to the market is justified given its defensive qualities amid a deteriorating consumer environment. </p>
<p>Q3 results aside, the analysts believe investors will be most focused on: (1) management’s assessment of the U.S. consumer, and (2) the company’s progress in clearing inventory. Barring any major surprises, analysts think investors will continue to hide in Walmart as a relative "safety" play.</p>

NYSE:WMT