Today we are watching…
1. Walmart (#walmrt)
Mega-retailer, Walmart, is ready to publish its earnings and analysts are upbeat about the stock’s chances at beating estimates today. Strong development in its e-commerce, digital, acquisitions department and strategic partnerships with the likes of Microsoft have placed the firm in an enviable position going into this announcement. Moreover, its aggressive expansion in the online grocery space and pickup services is likely to boost performance for this quarter. The EPS estimate is $1.02 (-10.5%) on revenue of $124.51bn (+1.5%).
2. Nvidia (#nvidia)
Semiconductor producer, Nvidia, is also publishing its earnings today, but analysts are on the fence about its chances of beating estimates. On the whole the semiconductor market is looking rocky, despite its strong start to the year. Lower demand from the crypto market has hurt chip-makers across the board with earnings declining 18.5% on average. However, in the lead up to today, analysts have slowly been upgrading their estimates which often bodes well for a company’s earnings announcement. The stock is also currently 55% below its 52-week high which may push investors to view it as undervalued. We’ll just have to see how the chips fall.
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