Walmart Stock Bullish Ahead Of Q4 Earnings: Is Upside Already Priced In?

Walmart Inc. (WMT) is set to report its fourth-quarter fiscal 2025 earnings on Thursday, February 20, with analysts expecting the retail giant to deliver strong results. The company's stock has been on a tear over the past year, gaining 85%, and is up 15% year-to-date in 2025. As the earnings date approaches, investors are wondering if the upside is already priced in, or if there's still room for the stock to run.

Analysts are bullish on Walmart, with 20 out of 30 rating the stock as a "Strong Buy," and the remaining 10 rating it as a "Buy." The average price target is $107.76, which is only 4% above Friday's closing price. This suggests that analysts expect Walmart to beat fourth-quarter estimates but may be waiting for the company's guidance for the next fiscal year before raising their price targets.

Walmart is expected to report adjusted earnings per share (EPS) of $0.64 on revenue of $180.25 billion, representing an 8% increase in EPS and a 4% increase in revenue year-over-year. If the company meets these estimates, it would mark the first time that Walmart's quarterly revenue is lower than that of Amazon.com Inc. (AMZN), which reported $187.79 billion in revenue for the fourth quarter of 2024.