Walmart Stock Surged After Announcing Earnings. Here's Why Investors Should Not Be Impressed.
Walmart (NYSE: WMT) stock went on a tear following its earnings announcement for the first quarter of fiscal 2025 (ended April 30). The company credited the "persistent demand for value" for its improved results.
Unfortunately, many of its improvements came from outside its noncore business. Such gains are fleeting and could turn into losses in future quarters, which could negatively affect earnings. Although Walmart should remain a solid investment for current shareholders, investors should avoid putting new money to work in this company. Here's why.
In many respects, Walmart delivered respectable results. In fiscal Q1, its revenue was $162 billion, a 6% increase from the same quarter last year.
Source Fool.com
Walmart Inc. Stock
€63.53
-0.030%
The stock is an absolute favorite of our community with 77 Buy predictions and no Sell predictions.
With a target price of 75 € there is a slightly positive potential of 18.05% for Walmart Inc. compared to the current price of 63.53 €.
