Wall Street is expecting lower profit for Wal-Mart Stores when the company reports its second quarter results on Thursday, August 14, 2014. Analysts are expecting earnings per share of $1.21 after the company booked a profit of $1.24 a share a year earlier.
The consensus estimate is down from three months ago when it was $1.28, but is unchanged over the past month. Analysts are expecting earnings of $5.18 per share for the fiscal year. Revenue is projected to be $118.98 billion for the quarter, 2% above the year-earlier total of $116.95 billion. For the year, revenue is projected to roll in at $486.82 billion.
A year-over-year dip in revenue in the first quarter broke a three-quarter streak of revenue growth.
Over the last four quarters, revenue has fallen an average of 1% year-over-year. The biggest drop came in the most recent quarter, when revenue fell 2% from the year-earlier quarter.
Wal-Mart Stores operates Walmart discount stores, supercenters, Neighborhood Markets and Sam's Club locations in the United States. Dollar Tree, also in the retail (department and discount) industry, will report earnings on Thursday, August 21, 2014. Analysts are expecting earnings of $0.64 per share for Dollar Tree, up 14% from last year's earnings of $0.56 per share. Other companies in the retail (department and discount) industry with upcoming earnings release dates include: Gordmans Stores and Fred's.
Earnings estimates provided by Zacks.
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