Walmart (WMT) Earnings Preview: High Stakes Under New Leadership
Walmart prepares to report Q4 fiscal 2026 earnings, marking the debut of CEO John Furner. Analysts project adjusted EPS of 73 cents on $190.5 billion revenue, representing 10.6% earnings growth and 5.2% revenue growth year-over-year. The retail giant's valuation remains elevated at 43-45x forward P/E, surpassing most Magnificent Seven stocks.
E-commerce continues as a standout performer with 27% growth last quarter, while advertising and membership services show expansion. Evercore ISI recently added WMT to its tactical underperform list, citing stretched valuations. Market reaction could hinge on whether Walmart maintains its digital momentum amid heightened expectations.