How is Walmart Doing After Its Dismal Feb Earnings
Entries advised last Friday. For request to be put in mailing list, please send request to sgwyckoffvsa@gmail.com Walmart dropped close to $18 since it reported a weak set of earnings in Feb. Share price had since plunged almost 17% since then. Revenue was higher but a missed on profits ; lower e-commerce growth than expected and a lower 2018 guidance saw Walmart took a beating. Reason could be more due to the heighten valuation rather than the result as result was actually fairly inline. Prior earnings WMT valuation was at 24p/e X multiples which does seems very expensive as compared to other annual earnings Forawrd p/e currently at 16.63 while current P/E 17.65 have traded nearer back to its 2017 average levels. [See Chart with P/E ] On valuation, the risk on Walmart is that it is more expensive than many of its retail competitor while it struggles against e-commerce giant Amazon [See Peers valuation ] Bloomberg consens