Investment Bank Remains Bullish on Walmart Inc. (WMT) Stock

Investment bank Evercore ISI is still upbeat on Walmart Inc. (WMT) stock, and it expects the giant retailer to deliver slightly higher-than-expected earnings per share for the second quarter. Evercore predicts that its Q1 data will be in-line with analysts’ mean outlook.

Walmart Inc. (WMT) is due to unveil its Q1 results and its Q2 guidance on May 15.

Is Walmart Inc. (WMT) the Best Dow Stock?

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Why Evercore Is Upbeat on Walmart Inc. (WMT)

Strong consumer spending and declining tariffs on China will be positive for WMT and WMT stock, Evercore asserted. Additionally, Walmart Inc. (WMT) reiterated its guidance last month, suggesting that it continues to have momentum, according to Evercore ISI.

Among Walmart’s other strengths are its market share gains and its powerful supply chain, according to the investment bank.

And although Evercore notes that the retailer is not immune to macro pressures, it can continue to increase its traffic and raise its EBIT margins over the longer term, according to the investment bank.

The Recent Price Action of WMT Stock

In the last month, the shares have risen 1.7%, but they have dropped 7% in the last three months.

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Disclosure: None. This article is originally published at Insider Monkey.