Walmart Tops Profit Estimates as CEO Pursues Sales Turnaround

Wal-Mart Stores also updated its Q4 guidance to $1.40-1.55 EPS.

Several equities analysts recently commented on the company.

Revenue at Sam’s Club -2.2% to $14.1B (+1.6% ex-fuel).

The company paid $1.6 billion in dividends, and repurchased almost 6 million shares, worth $437 million. Telsey Advisory Group reduced their price target on Wal-Mart Stores from $83.00 to $75.00 and set a market perform rating for the company in a report on Wednesday, August 19th.

Separately, TheStreet Ratings team rates WAL-MART STORES INC as a Hold with a ratings score of C+. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Finally, MKM Partners reissued a neutral rating and issued a $57.00 price target on shares of Wal-Mart Stores in a report on Friday.

Nomura’s Robert Drbul and team argue that Wal-Mart’s (WMT) shares “offer an attractive risk/reward ratio” at current levels. Wal-Mart Stores, Inc. (NYSE:WMT) has underperformed the index by 3.72% in the last 4 weeks. Wal-Mart Stores, Inc. has a 12-month low of $56.30 and a 12-month high of $90.97. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.27.

Nuance Communications Inc. (NASDAQ:NUAN) on Monday reported a loss of $11 million in its fiscal fourth quarter.

Analysts had predicted 98 cents on average, according to data compiled by Bloomberg.

The world’s largest retailer posted revenue of $117.41 billion in the period, which did not meet Street forecasts. -Revenue Change (Y-o-Y): -1.3%. -Earnings Decline (Y-o-Y): -11.1% -EPS (Q3): $1.03 vs. $1.15 previous year.

On a per-share basis, the Bentonville, Arkansas-based company said it had profit of $1.03.

In the US, the company is also trying cleanliness and service.