Revenue Update on Wal-Mart Stores(NYSE:WMT)

Wal-Mart Stores(NYSE:WMT) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $118.18B. Analysts estimated a revenue of $118.62B. The revenues were $-441.00M or NaN% below the estimates. Earnings per share were $0.98. The reported EPS was above estimates by $0.02 or 2.08%. Analysts had estimated an EPS of $0.96.

In a different note, Guggenheim Securities said it Initiates Coverage on Wal-Mart Stores, according to a research note issued on Sep 30, 2016. The shares have been rated ‘Buy’ by the firm. KeyBanc said it Initiates Coverage on Wal-Mart Stores, according to a research note issued on Sep 29, 2016. The shares have been rated ‘Overweight’ by the firm. On Sep 23, 2016, Barclays said it Upgrades its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Overweight’ by the firm. On Sep 16, 2016, Credit Suisse said it Assumes its rating on Wal-Mart Stores. The shares have been rated ‘Outperform’ by the firm. On Sep 12, 2016, Cowen & Co. said it Upgrades its rating on Wal-Mart Stores. The shares have been rated ‘Outperform’ by the firm. On Aug 22, 2016, BMO Capital said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Underperform’ by the firm.

Wal-Mart Stores (WMT) shares turned negative on Mondays trading session with the shares closing down -0.65 points or -0.94% at a volume of 1,11,35,265. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $69.4. The peak price level was also seen at $69.4 while the days lowest was $68.44. Finally the shares closed at $68.54. The 52-week high of the shares is $75.19 while the 52-week low is $58.315. According to the latest information available, the market cap of the company is $212,012 M.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, S Robson Walton (director 10% owner) sold 2,100,000 shares at $71.31 per share price.Also, On Sep 9, 2016, Jim C Walton (10% owner) sold 2,100,000 shares at $71.31 per share price.On Sep 9, 2016, Alice L Walton (10% owner) sold 2,100,000 shares at $71.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.

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