Analysts Expect Walmart to Report Mixed Results - Southern Business Review


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Monday, February 18, 2019

Analysts Expect Walmart to Report Mixed Results

by Associated Press  on Monday, Feb. 18, 2019 11:22 am   1 min read

(Walmart Inc.)

Wall Street expects the latest quarterly snapshot from Walmart Inc. of Bentonville will show mixed results.

Walmart's results, expected before market open on Tuesday, will jump-start a trading week delayed by the President's Day holidy on Monday. U.S. financial markets are closed and will re-open Tuesday.

Financial analysts predict the world's largest retailer will report that its earnings were flat in the November-January quarter versus a year earlier, even as revenue increased.

Walmart has been expanding its online sales by acquiring brands and adding more items. It has also been ramping up grocery delivery and pickup options.

Also this week, the Federal Reserve is scheduled to release minutes from its recent meeting of policymakers.

At the meeting, the panel decided to keep the central bank's benchmark interest rate steady and sent a strong signal that it saw no need to raise rates anytime soon. Its message ignited a rally on Wall Street, which cheered the prospect of continued modest borrowing rates for the near future.

The Fed is expected to release those meeting minutes on Wednesday.

Economists also project that sales of previously occupied U.S. homes rose in January from a month earlier.

Home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors is expected to report Thursday that sales edged up to a seasonally adjusted annual rate of 5.01 million last month.

Existing home sales, in millions, seasonally adjusted annual rate:

  • Aug. 5.33

  • Sept. 5.15

  • Oct. 5.22

  • Nov. 5.33

  • Dec. 4.99

  • Jan. (est.) 5.01

Source: FactSet

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