Why Wal-Mart Stores Stock Jumped 11.7% in October
Shares of Wal-Mart Stores (NYSE: WMT) popped nearly 12% last month, according to data from S&P Global Market Intelligence. The retail behemoth announced a massive new share-repurchase program and offered an optimistic outlook for the year ahead.
During its annual investor day, Wal-Mart reiterated its profit forecast for fiscal 2018, including adjusted earnings per share of $4.30 to $4.40. The midpoint of that range would be up slightly from fiscal 2017's $4.32 in adjusted EPS.
Looking further ahead, Wal-Mart expects EPS growth of 5% in fiscal 2019, driven by a 3% rise in sales and new cost control measures.
Source: Fool.com
Walmart Inc. Aktie
64,27 €
-0,74 %
Überwältigende Zustimmung für Walmart Inc. mit ausschließlich Buy-Einschätzungen.
Ein positives Kurspotenzial für Walmart Inc. ist gegeben, mit einem Kursziel von 74 € über dem aktuellen Kurs von 64.27 €.
