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Benzinga
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Top Wall Street Forecasters Revamp Walmart Expectations Ahead Of Q2 Earnings

1. Walmart's Q2 earnings expected at 74 cents per share, up from 67 cents. 2. Revenue projected at $176.16 billion, an increase from last year's $167.77 billion. 3. Walmart shares increased by 1.3%, closing at $102.57 on Wednesday. 4. Analysts have maintained or raised price targets for Walmart, indicating overall optimism. 5. Walmart has beaten revenue estimates in nine of the last ten quarters.

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FAQ

Why Bullish?

With positive earnings expectations and analyst upgrades, upward momentum for WMT is likely. Historically, similar earnings reports have led to price increases for WMT.

How important is it?

The projected earnings and revenue figures can significantly influence short-term stock prices. Analysts' increased targets affirm positive sentiment toward WMT's future performance.

Why Short Term?

Immediate investor sentiment will react to upcoming earnings results and analyst ratings. Past earnings reports have shown swift market reaction within days.

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